Wal-Mart Stores Inc., the world's largest retailer, reduced its capital spending forecast for the second time this year as the company seeks to counter slowing sales growth in the U.S.

Capital expenses for the year that ends in January 2008 will be about $15 billion, lower than the $15.5 billion Wal- Mart forecast in June and below the original projection of $17 billion, Wal-Mart Chief Financial Officer Thomas Schoewe said Tuesday.