CEO Says Wal-Mart 'Getting Worse' At Keeping Shelves Stocked-Bloomberg

By Dow Jones Business News,  February 28, 2013, 10:33:00 AM EDT


Wal-Mart Stores Inc. ( WMT ), which has been trying to improve its store logistics, is "getting worse" at keeping shelves stocked, U.S. CEO Bill Simon told executives, according to minutes of an officers meeting from February 1 obtained by Bloomberg News.

"We run out quickly and new stuff doesn't come in," Mr. Simon said in the minutes, adding that an executive vice- president had been appointed to fix the problem.

Full story at http://www.bloomberg.com/news/2013-02-27/wal-mart-s-slowness-stock-shelves-worsens-as-sales-stay-s.html

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  (END) Dow Jones Newswires
  02-28-131033ET
  Copyright (c) 2013 Dow Jones & Company, Inc.

This article appears in: News Headlines

Referenced Stocks: WMT



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