Walmart Is Making a Major Change to Its Price Displays in Thousands of Stores

Jun 28, 2024 11:27 PM - 4 months ago 47513

A monolithic alteration is coming to thousands of Walmart stores crossed nan country.

The retailer announced connected Friday that it would beryllium shifting distant from insubstantial support value tags successful 2,300 stores complete nan adjacent 2 years and opting to usage integer value markers instead.

"Our pricing strategy remains Everyday Low Prices," a Walmart spokesperson told Fox Business. "Digital Shelf Labels are simply a caller method to pass pricing to nan customer and a exertion instrumentality that assists associates pinch various tasks."

Related: Walmart Layoffs: Hundreds of Employees Cut, Relocated

With integer pricing, labor tin seamlessly update prices and make changes, including markdowns, wrong minutes. The institution clarified that this does not mean it will trial a dynamic pricing model.

The integer shelving process will besides thief workers restock items aliases stitchery items for online orders pinch "Stock to Light" and "Pick to Light" features, which will ray up nan support abstraction indicating that an point needs to beryllium restocked aliases picked up.

"The modulation to integer support labels is simply a game-changer for Walmart, our customers and our associates," Walmart said successful a company release. "It is not only astir improving ratio and customer restitution but besides astir integrating sustainability into our work, successful this case, to thief trim operational waste."

Related: Walmart Launches Bettergoods Food Brand With 'Unique' Flavors

Walmart had a beardown Q1 for fiscal 2025, bringing successful $161.5 cardinal successful revenue, a 6% summation from nan aforesaid clip past year.

"Our beardown results this 4th intelligibly show nan powerfulness of our world omni-retail capabilities and nan team's expertise to execute pinch discipline," said John David Rainey, Walmart's executive vice president and CFO, astatine nan time. "As we proceed to reshape our business model, we're focused connected strategically investing successful areas that reenforce our intent and maturation strategy."

The retailer was up complete 30% year-over-year arsenic of Friday afternoon.

More