Walmart’s inventory build and markdowns come amid a national warehouse market in which there is little capacity left due to seasonal and pandemic trends.
Dick's CEO Lauren Hobart described 40%+ inventory as"healthy."
One WPI participant on the West Coast said the biggest struggle they were facing was finding additional industrial warehousing space to support and process the volume of containers they were seeing coming in. A Midwestern warehouse WPI network partner cited a 23% increase in labor rates year-over-year . In Michigan, labor shortages resulted in an average of 5% unfilled open positions per month over that time period."We expect to continue experiencing labor/staffing and warehouse capacity issues through the 2022 calendar year," the WPI network partner said.
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