Toilet paper is rolling off Walmart’s shelves so fast that the retailer sold enough in the last five days to give every American one roll, CEO Doug McMillon said Friday.
That suggests customers snapped up some 329 million rolls of TP as coronavirus panic shopping continued to hit the giant department store chain.
McMillon urged shoppers to make regular trips to the stores rather than hoard goods as Walmart works with its suppliers to keep shelves stocked.
“There’s plenty of flow coming but if everyone could just kind of manage and buy week to week rather than stocking up at this point, it’d be helpful for everybody,” McMillon said on “TODAY.”
Walmart’s food supplies are in “good shape” but the company has struggled to maintain a stock of hand sanitizer, which it’s providing to its employees amid the coronavirus pandemic, McMillon said.
“We’re working to put it on the shelf, but as soon as we do it’s gone,” he said.
Toilet paper sales skyrocketed in recent weeks as lockdowns aimed at stopping the coronavirus spurred consumers to stock up. Sales in the US spiked 845 percent on March 11 and 12 after climbing 51 percent in the preceding two weeks, according to NCSolutions figures reported by the Associated Press.
Walmart has pledged to hire 150,000 hourly workers through the end of May as shoppers flooded stores. The shopping sprees have been a boon to large retailers including Costco, which reported a 12.3 percent jump in comparable sales in the five weeks ending April 5.
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