Headlines

Walmart Poised for Profitable Holiday Season

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

Published

1 year ago

November 18, 2021

INSTORE Staff

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.

Time to Do What You've Always Wanted? Time to Call Wilkerson.

It was time. Teri Allen and her brother, Nick Pavlich, Jr., had been at the helm of Dearborn Jewelers of Plymouth in Plymouth, Mich., for decades. Their father, Nick Pavlich, Sr., had founded the store in 1950, but after so many wonderful years helping families around Michigan celebrate their most important moments, it was time to get some “moments” of their own. Teri says Wilkerson was the logical choice to run their retirement sale. “They’re the only company that specializes in closing jewelry stores,” she says. During the sale, Teri says a highlight was seeing so many generations of customers who wanted to buy “that one last piece of jewelry from us.” Would she recommend Wilkerson? Absolutely. “There is no way that I would have been able to do this by myself.”