Not every retailer is heading into the holidays in the same shape. Macy’s inventory was up 7% at the end of its latest quarter, compared with a 48% jump at Kohl’s.
Executives say they cut orders and shifted inventory after seeing some troubling signs in credit-card spending
If it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Why? Just blame the bullwhip effect. WSJ’s Jon Hilsenrath explains what it is, and what it means for the economy.At Kohl’s Corp. , fleece jackets that arrived too late for last year’s winter season are finally making it onto shelves after languishing for months in warehouses. Nike Inc.
Meanwhile, Macy’s Inc. is rolling out new dresses, suits, boots and other fall fashions. More than half of its offerings for the holiday season will be new. The department store giant has so far avoided the worst of the glut of goods that . Its inventory was up 7% at the end of its most-recent quarter compared with a year earlier. That is in contrast to a 48% jump at Kohl’s, 44% at Nike and 37% at Gap Inc.
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