Wal-Mart Plans to Reduce Space for Electronics in Stores
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Wal-Mart Stores Inc., the world’s biggest retailer, plans to cut back on space for electronics as sales in that category have declined, contributing to the company’s two-year U.S. sales slump.
The company, which is based in Bentonville, Arkansas, will reduce the floor space devoted to items like flat-screen televisions and give some of that space to apparel, according to Rosalind Brewer, who runs the Wal-Mart East division. Brewer spoke at a retail conference in Atlanta today.