Walmart Profits: America’s Largest Retailer Navigates Supply Chain Very Well
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America’s largest retailer and indicator of consumer spending recorded strong sales growth in its most recent quarter. The company also increased its annual sales and profit growth, a sign that it expects a strong increase in holiday shopping.
Several large retail chains, including Walmart, have chartered their own ships to deliver goods from Asia, stocked up on additional merchandise, and relied on their deep pockets and large supplier bases to support themselves. adapt to supply constraints. These options are too expensive and inaccessible for most small stores, which typically have less financial flexibility to absorb higher costs and keep prices low for customers than larger competitors.
Although many stores are struggling to get products, Walmart’s inventory levels were up 11.5% in the last quarter from a year earlier, as the company stocked up ahead of the holiday season.
“We have the people, the products and the prices to make the holiday season great for our customers and members,” Walmart CEO Doug McMillon said in a statement Tuesday.
Walmart stock edged up in pre-market.
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