Headlines

Walmart to Carry Fewer Products

In efforts to increase profits, revive business

Published

9 years ago

October 28, 2015

Walmart (Bentonville, Ark.) has started cutting the amount of stock it carries on shelves as a way to boost sales.

Over the past year, the retailer has removed about 15 percent of its store displays and reduced the number of items in store by 2500, reports The Wall Street Journal.

The company is using data to decide which products to keep and which ones it can cut as a way to remove redundancy and clutter from shelves. It is also more than doubling the width of store aisles, increasing them from four- to 10-feet wide.

The news comes as the company has predicted its U.S. stores’ profits may drop by up to 12 percent next year. Consequently, this is one of its moves to revive business. In the most recent quarter, same-store sales increased 1.5 percent.

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