Wal-Mart's (WMT) long-running inventory problems are "getting worse", U.S. CEO Bill Simon has...

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Wal-Mart's (WMT) long-running inventory problems are "getting worse", U.S. CEO Bill Simon has reportedly told an internal meeting. "We run out quickly and the new stuff doesn't come in," said Simon, who's appointed a VP to fix the problem. A Wal-Mart spokesman downplayed Simon's comments, although Californian department manager Evelin Cruz described them "as dead on."