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Walmart Poised for Profitable Holiday Season

The big box retailer has navigated supply chain and labor issues.

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Walmart (Bentonville, Ark.) raised its annual sales and profit forecast thanks to an expected glut in demand for toys and apparel during the holidays, reports Yahoo! Finance.

“We have the people, the products, and the prices to deliver a great holiday season for our customers and members,” CEO Doug McMillon said.

Despite supply chain woes that have plagued most retailers in the third quarter, the big box giant has maintained low prices to keep shoppers returning and chartered its own ships to transport products ahead of the holiday rush. Walmart was able to increase its U.S. inventory by 11.5 percent ahead of the holiday shopping season. It has also hired more than 200,000 new store and supply chain employees in preparation.

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Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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