DAVENPORT, Iowa – Karl Chevrolet Northern SportMods take over the spotlight in a $2,000 to win main event on Friday, June 12 at Davenport Speedway.The IMCA SportMod Challenge will use a draw/redraw format and all racing will be on the quarter-mile oval.Pit gates open at 4:30 p.m. and the grandstand opens at 5 p.m., with racing at 6:45 p.m.Spectator admission is $15 for adults, $14 for seniors and free for kids 12 and under when accompanying a paid adult. Pit passes are $30.Also racing that evening will be Xtreme Motor Sports IMCA Modifieds and IMCA Late Models.For additional information, call 563 652-5302 or 563 326-5338 on race day. The track website is www.DavenportSpeedway.com.
SLOWDOWN: The company will build fewer stores, and new centers will be smaller. By Marcus Kabel THE ASSOCIATED PRESS The world’s largest retailer is going on a diet. Wal-Mart’s share price took a hit from the slowdown in growth plans. But some analysts welcomed the move to focus on keeping more of the cash Wal-Mart generates rather than spending furiously on new stores. Increased free cash flow, or the money left over after a company pays its expenses including capital expenditures, could make Wal-Mart shares more attractive by funding higher dividends, new technologies or acquisitions, analysts said. “Strong free cash flow is the key to corporate flexibility and potential growth. The highest quality companies, in my opinion, are able to self-finance their future growth from their free cash flow,” said Patricia Edwards, managing director and retail analyst at Wentworth, Hauser and Violich in Seattle, which manages about $12 billion in assets and holds about 35,700 Wal-Mart shares. Wal-Mart said sales will continue to slow after years of strong double-digit growth. The retailer is struggling on several fronts. Its apparel and home decor businesses are still trying to find the right mix of merchandise. It’s also finding fewer places to build new stores, and it faces tougher competition from other retailers. Schoewe said sales growth will fall to 9percent this fiscal year from nearly 12 percent the year before and then be between 5 percent and 8 percent the next two years. Wal-Mart’s fiscal year runs through January. Schoewe said Wal-Mart is focused on using the tremendous cash flow generated by its U.S. and international stores more efficiently, including building fewer giant Supercenter stores and managing corporate costs better. Wal-Mart’s annual square footage growth will decline from 8.8 percent last year to around 6 percent this year and between 5 percent and 6 percent in the next two years, Schoewe said. In terms of Supercenters, the flagship of Wal-Mart’s U.S. business, executives said the retailer will build 195 this year, about 170 next year and 140 the following year, compared with a historical standard of around 280 a year. Capital expenditure will be between $13.5billion and $15.2 billion in the next two fiscal years after about $15 billion this year. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.Beset by shrinking sales growth, Wal-Mart Stores Inc. said Tuesday that it plans to build fewer and smaller stores as it cuts costs to help shore up profits. For the second time this year, Wal-Mart is trimming plans for capital expenditures to about $15billion from a June forecast of $15.5 billion in the face of continued decline in sales growth, Chief Financial Officer Tom Schoewe told investors and analysts at a conference. The original projection was $17 billion. Such efforts come as Wal-Mart’s customers are confronted with mounting financial worries that include not only higher food and gas prices but in recent months a widening credit crunch, which has hurt their ability to spend. “No doubt that our work has been made more difficult by the current economic environment,” said Eduardo Castro-Wright, head of Wal-Mart’s U.S. stores. He noted that Wal-Mart should be able to win by offering compelling merchandise and pursuing hot merchandising categories. The average size of new Supercenters will fall from nearly 195,000 square feet this year to around 180,000 in the next two years, operations executive Bill Simon added.
Liverpool remain unbeaten in the Premier League this season but Leicester City will be aiming to make them drop points for the first time on Saturday.The Reds have dispatched West Ham United, Crystal Palace and Brighton so far, but face an intriguing Foxes side at the King Power Stadium in Saturday’s early match. Every Championship club’s best signing of the decade, including Taarabt and Dack REVEALED Top nine Premier League free transfers of the decade Leicester City star Harry Maguire and Liverpool hero Mohamed Salah tussle last season. possible standings Jurgen Klopp has a daunting run of fixtures to contend with after the international break Jamie Vardy was sent off against Wolverhampton Wanderers silverware Which teams do the best on Boxing Day in the Premier League era? What are the managers saying?Claude Puel: “For me a completed game, it is the possibility to play counter-attack, when we have to defend deep, or to play in set-attack, against a strong defensive unit. We need to have a response against any opponent.”Jurgen Klopp: “When you have a week Saturday-Saturday I’m open to who is showing me the most that they are desperate to play. The best way is like this. Then it’s about what is needed for the opponent. It’s not that I’ve closed the book because we won the last game.” impact MONEY How the Premier League table could change after the Boxing Day fixtures ADVICE Latest Football News 3 Predicted teams:Leicester City: Schmeichel; Amartey, Morgan, Maguire, Chilwell; Mendy, Ndidi; Pereira, Maddison, Gray; Iheanacho.Liverpool: Alisson; Alexander-Arnold, Gomez, Van Dijk, Robertson; Wijnaldum, Milner, Keita; Salah, Firmino, Mane. highlights Jurgen Klopp might be confident about his Liverpool side but the last two games have been a little tricky and if Leicester City can get an early goal it would be a huge test, especially given their struggles to breakdown Palace and Brighton.So what is the latest news ahead of the match? Check out our round-up below. England’s most successful clubs of the past decade, according to trophies won 3 Every time Ally McCoist lost it on air in 2019, including funny XI reactions Forbes list reveals how much Mayweather, Ronaldo and Messi earned this decade BEST OF Every current Premier League club’s best kit from the past decade Ronaldo warned Lukaku how hard scoring goals in Serie A would be before Inter move Best clips, calls and talkSPORT moments of 2019, feat Hearn, McCoist and more smart causal 3 RANKED Team news:Leicester City remain without Matty James and Jamie Vardy (suspension), and while Caglar Soyuncu has played for the club’s Under-23s he’s unlikely to be ready for a start, especially against Liverpool. JamieThe Reds, meanwhile, are able to remain unchanged if they wish with no injury news or suspensions.