Wal-Mart
has been making the news again
lately, although not in the
usual way. This time they
are announcing a dramatic
slowdown in new superstore
openings in the U.S. According
to recent news articles Wal-Mart
plans to cut over one third
of their planned openings
and focus instead on growing
same store sales growth. From
our perspective working with
many Wal-Mart vendors this
could present a great opportunity
to grow your Wal-Mart business.
Consider for a moment that
Wal-Mart has approximately
3,600 U.S. stores and industry
research tells us that out
of stock's average 8 to 10%
on most items. If you a vendor
selling products at Wal-Mart
there is a very good chance
you are out of stock at over
300 stores right now. Plus,
there is a very good chance
you are at risk of an out
of stock at a few hundred
more stores. If Wal-Mart's
strategy is to grow sales
at existing stores and you
can put a plan in place to
reduce your out of stock's
you are on the winning side
of Wal-Mart's growth strategy.
And naturally you are growing
your sales and the same time.
So how do
you go about reducing your
out of stock at such a large
retailer? Fortunately Wal-Mart
provides vendors with a very
robust set of data through
Retail Link so getting a handle
on your inventory position
is as simple as creating the
right reports and extracting
the right insights. Of course
you are going to need a robust
tool for the analysis but
as a Wal-Mart vendor you have
the opportunity. We suspect
that vendors who are able
to create actionable reports
and work hand-in-hand with
their Wal-Mart buyers to drive
higher same store sales are
going to come out on top.
Take action today. We offer
a free stock
out exposure analysis
which would be a great place
to start.
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