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Wal-Mart Sees $3 Billion Opportunity Refilling Empty Shelves

Wal-Mart Stores Inc. executives, speaking at a company meeting this month, said its store shelves need to be better stocked with merchandise and that resolving the matter could be a $3 billion opportunity.

Improving “in-stocks” -- a measure of how much merchandise is available for shoppers to buy -- is a top focus for Wal-Mart, executives said at its Year Beginning Meeting, according to notes taken by an attendee that were reviewed by Bloomberg. The company also plans to add labor hours as part of an effort to bolster “in-store execution,” executives said at the summit in Orlando, Florida, which was attended by Chief Executive Officer Doug McMillon and U.S. CEO Bill Simon.