Walmart Executive Says Took Out 10% Of Apparel Inventory At Remodeled Store Locations But Still Saw Sales Go Up
Portfolio Pulse from Benzinga Newsdesk
Walmart's remodeled store locations saw a 10% reduction in apparel inventory, yet sales increased, according to a company executive at the TD Cowen Conference.
June 06, 2023 | 4:28 pm
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Walmart's remodeled stores experienced a 10% decrease in apparel inventory but still saw an increase in sales.
The increase in sales despite a reduction in inventory indicates that Walmart's remodeled stores are performing well and attracting customers. This positive news is likely to have a short-term positive impact on Walmart's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100