To: tejek who wrote (741945 ) 9/25/2013 11:22:44 PM From: i-node 1 RecommendationRecommended By
Read Replies (1) | Respond to >> did you read the damn article??? "We are looking at reducing inventory for Q3 and Q4" "U.S. chains are already bracing for a tough holiday season, when sales are projected to rise 2.4 percent, the smallest gain since 2009, according to ShopperTrak, a Chicago-based firm. Wal-Mart cut its annual profit forecast after same-store sales fell 0.3 percent in the second quarter." "“If you’re worried about your top line, you protect your bottom line even more,” Sherk said. “You at least want to protect your money.” "In the second quarter, U.S. inventory grew at 6.9 percent and U.S. sales grew at about 2 percent. In the same quarter a year earlier, inventory increased 3.6 percent while sales rose 3.8 percent. " ... "chief executive officer of Wal-Mart’s U.S. division, said last month that inventory increased due to “softer than anticipated sales trends, the delay in summer weather and timing shifts in the receipt of merchandise for back-to-school and the upcoming holiday season.” "“This year, there’s more earlier than last year,” she said of the Christmas items. “We have some of it in the back, and some of it has been put out on the floor in a haphazard fashion.” “The bulk of the freight doesn’t usually come until two weeks before Black Friday,” said Gertz, a member of OUR Walmart, a union-backed group seeking to improve working conditions at the chain. “Just to get rid of things, a lot of stuff is going for a dollar,” she said. “Sweatpants that used to be $8.96 are going for $2 just so we can unload them.”
