Wal-Mart says port issue impacting supply of some goods
Reuters
Published Feb 19, 2015 10:52AM ET
Updated Feb 19, 2015 11:10AM ET
Wal-Mart says port issue impacting supply of some goods
(Reuters) - Wal-Mart Stores Inc (NYSE:WMT) is experiencing delays in some merchandise due to the West Coast port disruptions, although moves to diversify its logistics have limited the impact, the head of the retailer's U.S. operations said on Thursday.
On an earnings call Greg Foran said "pockets of merchandise" were being held up by the port dispute and expressed hopes for a speedy resolution.
He said potential costs were included in the company's earnings forecasts unveiled earlier on Thursday.
(reporting by Nathan Layne)
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Written By: Reuters
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