Walmart 2015 Annual Report Download - page 8

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62015 Annual Report
Driving increased
protability through
balanced growth
In fiscal 2015, Walmart International’s net sales increased 3.6 percent on
a constant currency basis, to $141.4 billion. We grew operating income
faster than sales, demonstrating balanced growth and improved
profitability. We also added 9.4 million square feet of retail space and
183 stores, bringing our total portfolio to more than 6,200 stores and
10 e-commerce websites in 26 countries. By remaining focused on
being in good businesses and being the best-in-class retailer, we’re
ensuring a balanced portfolio for customers with the right formats
and merchandise, supported by EDLP to drive sales growth.
Delivering sales through customer relevance
We’re passionate about driving sales wherever we operate. Customers
around the world choose Walmart for our low prices, convenient
access to compelling merchandise and a shopping experience that
meets their expectations. EDLP, enabled by being a low-cost operator,
is the foundation of our customer proposition. In fiscal 2015, we contin-
ued to make progress on the transition to EDLP in markets such as Brazil
International