Renee Dudley — Wal-Mart Cutting Orders as Unsold Merchandise Piles Up

Wal-Mart Stores Inc. (WMT) is cutting orders it places with suppliers this quarter and next to address rising inventory the company flagged in last month’s earnings report.

Last week, an ordering manager at the company’s Bentonville, Arkansas, headquarters described the pullback in an e-mail to a supplier, who said others got similar messages. “We are looking at reducing inventory for Q3 and Q4,” said the Sept. 17 e-mail, which was reviewed by Bloomberg News.

Bloomberg
Wal-Mart Cutting Orders as Unsold Merchandise Piles Up
Renee Dudley