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Target and Walmart are kicking off the holiday season with stocked shelves, even as industries grapple with supply chains and shipping backlogs at major US ports.

anchorthe protectionThe lastChangeChange %
wmtWalmart, Inc.144.78+2.39+1.68%
TGTtarget corp244.57-6.13-2.45%

Target announced that its inventory levels increased 20% compared to the same period last year. Meanwhile, Walmart CEO Doug McMillan said in a video message to customers that the company’s US inventory was up 11.5% during the third quarter.

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Both figures indicate incentives for holiday shoppers who are battling not only inflation, but fear of delayed shipments from sparse store shelves due to congested ports.

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Walmart CFO Brett Biggs noted in the company’s third-quarter earnings call that the retailer “is well off to a good start to the holiday season and well positioned to deliver strong results.”

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“Despite various macro and industry challenges, our inventory position remains strong,” Biggs said.

Similarly, Target said its third-quarter profits rose about 47%, while sales rose 13.2%, both exceeding expectations. The Minneapolis company also raised estimates for fourth-quarter comparable-store sales.

Even with Walmart and Target in good shape, other major retailers were not free from the various hurdles plaguing the industry and taking measures to combat global supply chain issues ahead of the crucial holiday season. were continuing.

Supply crisis prompts Walmart and rivals to rent their own ships

anchorthe protectionThe lastChangeChange %
CostCostco Wholesale Corporation539.65+5.86+1.10%

For example, some retailers such as Costco were shipping goods to less congested ports and even renting their own vessels.

Target also said it unloaded about 60% of its containers at off-peak times.