in the United States are estimated to grow at their slowest pace in five years. Shoppers face higher interest rates and student loan payments restarting on Oct. 1, making retailers' bets on inventories "very important," D.A. Davidson analyst Michael Baker said.Walmart had over $60 billion in inventory
The Bentonville, Arkansas-based retailer's use of algorithms to forecast demand and its use of robotics helped it make the "adjustments that we needed to make when things changed dramatically on us last year," Walmart CEO Doug McMillon said on Tuesday at an investor conference.Overall Walmart's goal is to manage its stores so that its operating profits increase at a faster rate than its sales, its executives said.
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