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Wal-Mart - strong, successful and well positioned for today

Rob Walton
S. Robson Walton
Chairman of the Board of Directors

Our promise to "save people money so they can live better" has never been more relevant than today. The Board, management and our two million associates are aligned behind this mission, and I see how important it is every day in our stores.

There is no doubt that our commitment to Wal-Mart's mission contributes to better value and lower prices for products and services. The impact of what we buy and sell increases the quality of life for customers around the world.

It's what my dad believed in when he founded Wal-Mart.

Our Board members understand how important this mission is to our Company and our customers. Board members regularly visit our stores and clubs in various markets. They see firsthand that Wal-Mart was created for times like these, when customers need us most.

The diversity of our Board, in every respect, also is very important. We have tremendous talent and experience among our 15 members. This enables us to have discussions that make us smarter and stronger as a Company. And, we are united in fully supporting the strategic initiatives under way in our Company. We believe in pursuing growth in the right places and that capital efficiency is critical for our future.

I am pleased with how our Company is succeeding from the business perspective. It is also satisfying to see our Company playing a larger role in society on important issues. I know I speak on behalf of the entire Board in saying that we are grateful for the strength of Wal-Mart's management team. I value their experience, talent, and determination, and appreciate their leadership in the stores and on issues important to our shareholders, customers and associates.

Wal-Mart will continue to inspire others from within our Company, to lead the industry worldwide, and to reach out to make a difference in the lives of people around the world.

Rob Walton
Rob Walton
Chairman of the Board of Directors
Wal-Mart Stores, Inc.

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