US retailers are facing a Goldilocks problem with inventory ...Middle East

Quartz - Economy
US retailers are facing a Goldilocks problem with inventory
source : Quartz ( Middle East ) () 7
For two-and-a-half years now, US retailers have struggled to calibrate their inventory levels. Sometimes they have too much. Sometimes they have too little. It’s proved difficult to get it just right.Right now, they have too much again. Cutting its profit outlook for the quarter, Target admitted this week that accumulated inventory was eating into its bottom line. Walmart said, in its earnings call in mid-May, that it expects to work through “most or all of the excess inventory over the next couple of quarters.” Home Depot’s inventory-to-sales ratio stood at 0.61 in the first quarter of this year, up from 0.48 at the same time last year, according to S&P Global Market Intelligence. For Lowe’

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