In the strategy clock the company lies on high perceived value and low price segment. The company hopes to drive comparable-store sales by focusing on local market share positions as it continues the expansion of its supercenter format. Operating about 985 million square feet globally, the company historically grew square footage at least 8% annually. In the third quarter of FY 07, the company outlined a plan to refocus new store expansion on maximizing returns on invested capital rather than trying to maintain an 8% square footage growth target. As a result, the company expected U.K square footage growth to moderate. In FY 12, the company plans to slow square footage growth in the domestic market while accelerating growth internationally. We believe this new focus will result in improved performance at existing locations as the company maximizes existing store volumes before adding a new nearby warehouse. Due to the resulting decrease in capital expenditures, we believe the company will use excess cash to accelerate share repurchases, increase dividends and pursue international acquisitions.
在战略钟公司位于高感知价值和较低的价格段。该公司希望通过专注于当地市场份额的位置，它继续其购物中心格式的扩展驱动的同店销售。约985000000平方英尺的全球经营，公司历史上增长至少每年8%平方英尺。在07财年第三季度，该公司提出了一个计划，新的商店扩展聚焦于最大化的投资而不是试图维持一个8%平方英尺的增长目标回报率。作为一个结果，该公司预计英国面积增长适度。在12财政年度，该公司计划在国内市场的缓慢增长而加速增长国际平方英尺。我们相信，这种新的焦点将在现有的位置为公司最大限度地提高现有商店数量前加附近一个新仓库性能的改善。由于产生的资本支出减少，我们相信该公司将利用多余现金加速股票回购，增加股息和进行国际收购。
