Walmart: Improving in-stocks a $3B opportunity

Walmart (NYSE: WMT) has been dogged by complaints of empty shelves and packed stock rooms, and now it's looking to rectify the situation by improving in-store execution.

Fixing the problem could present a $3 billion opportunity to recoup lost sales, according to Bloomberg.

Walmart executives addressed the issue at its annual "Year Beginning Meeting" in Orlando, Fla. in March. The company intends to adjust labor hours and make it easier for store associates to restock empty shelves.

Walmart has down-sized its U.S. workforce in the past several years as the number of store associates at Walmart and Sam's Club declined by nearly 20,000 between 2008 and January of this year, according to Bloomberg. The reduced workforce coincided with the addition of more than 650 U.S. Walmart stores.

Photos of Walmart stores in disarray, roped off departments waiting to be reset and stock room chaos are being posted online, tweeted and published by news media. Messy stores aren't profitable stores and it seemed only a matter of time before Walmart executives addressed the issue.

For more:
-See this Bloomberg story
-See this The Street article

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