After Last Year’s Inventory Tidal Wave, Where Do Retailers Go From Here?
Nothing for retail inventory planners has been easy over the past three years. After the shortages of 2020 and 2021, the industry spent the past year trying to unload products as consumers cut their spending in the face of steep inflation. Although down from their peak, many inventory positions remain elevated for current sales levels.
Even though the era of bare shelves is not far behind the industry, many are learning to live on leaner inventories and plan to chase products as needed in 2023 and beyond. In doing so, retailers are prioritizing cost control and margin protection over the risk of lost sales.
So what’s the next move? This article from retail dive explores how expensive it is to hold excess inventory and what retailers have learned from the past three years. Click here to read the full article.
Source: Retail Dive
