The company reported total revenue of $152.9 billion, up 8.4%, compared to estimates of $150.81 billion. Overall, Walmart beat expectations for earnings and revenues in Q2, after it slashed its outlook for the quarter. In a call with investors announcing results for the second quarter, Walmart CFO John Rainey said the company has “canceled billions in orders” to deal with inventory pileups that have amassed over the last few quarters. That same month, Walmart announced it was cancelling orders to help it right-size inventory excesses. Jimmy Carter, a Walmart spokesperson, said in a statement at the time that the company was updating its structure and “evolving select roles to provide clarity and better position the company for a strong future.” This new round of layoffs follows the August announcement from the big-box retailer that it would cut hundreds of corporate roles. “With the Atlanta WFS conversion, associates will be on the leading edge of technology and piloting a facility model that, when successful, will transform how we grow and manage our ‘best in class’ customer service offerings across multiple platforms.” “This strategic move allows our third-party sellers to take even more advantage of our world-class supply chain capabilities for delivery to their customers,” Sprague wrote. When reached for comment, Walmart directed FN to a recent blog post written by Karisa Sprague, SVP of fulfilment center operations for Walmart U.S., describing its plan for the new WFS business at the Atlanta facility. Sofia Vergara Soars In 8-Inch Mirror Platform Sandals & Vibrant Holiday Jumpsuit for Walmart Collection Photoshoot
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