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Bloomberg Businessweek reports that Walmart CEO Doug McMillon recently said at a company meeting that addressing the stores' out-of-stock problems was a "three billion dollar opportunity."

According to notes taken by an attendee that were provided to Businessweek, company leadership also said that it plans to add labor hours as a way to improve in-store execution, a move that would be contrary to the trend in recent years toward cutting back on labor expenses.

The story notes that Walmart "has struggled to keep shelves stocked over the past year at U.S. stores … The lack of merchandise has frustrated some shoppers, prompting them to decamp to the chain’s competitors. Increasing labor hours could make it easier for staff to get inventory from the stockroom and replenish the products on the store floor."
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