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Walmart aims to save $60M on bag supply strategy

Photo by istock.com

February 26, 2020

Walmart intends to save big on its purchase of shopping bags as well as on staff clothing.

The retailer, whose fourth-quarter earnings and revenue didn't hit expectations, said it will save $60 million a year in changing how it buys shopping bags and 15% on vests purchased for store employees, according to a Market Watch report.

The retailer cited several factors playing into why revenue and earnings fell short, including a shorter-than-usual holiday season and no hot toy for sale during the 2019 holiday season.