Wal-Mart's restocking push could garner $3B

Bentonville, Ark.-based Wal-Mart Stores Inc. (NYSE: WMT) executives are focused on doing a better job of stocking shelves in the company’s current fiscal year, and they are willing to add labor hours to do it. Putting more products on the shelves could generate an additional $3 billion for the company, according to a Bloomberg report.

According to notes taken at its Year Beginning Meeting in Orlando, Fla., which was attended by CEO Doug McMillon, U.S. CEO Bill Simon and some 7,000 associates, the world’s largest retailer has struggled to keep store shelves stocked in the past year, frustrating some customers.

Wal-Mart has scaled back its domestic workforce in recent years with staff at Wal-Mart and Sam’s Clubs falling by 20,000 between 2008 and January, though it has added more than 650 U.S. Wal-Mart stores.

Read more from Bloomberg.[[In-content Ad]]