Small changes add up to big savings for Walmart

Savings come in all shapes and sizes for a company the size of Walmart. 

The discounter estimates it will save $60 million annually by changing its buying process for shopping bags, CFO Brett Biggs said during a meeting with investors in New York, reported CNBC. Walmart is also cutting the cost of the vests that its store associates wear by 15% by making them out of recyclable materials.

Walmart is also on track to save $100 million annually by centralizing how it maintains the equipment in its stores to be more energy-efficient, according to Biggs, the report said.

“You can take a lot of small projects ... You can scale them across the business, and they can lead to impressive savings,” Briggs said. “We are bending the curve on expenses.”

To read the full CNBC report, click here.