Why Nordstrom Rack is key to managing overbought inventory

This is an excerpt from Thursday’s (3/4) Point of Sale retail supply chain newsletter sponsored by ArcBest.

Ordering apparel inventory is hard. In normal times, retailers order inventory upwards of six months in advance, hoping what they ordered isn’t out of fashion by the time it hits the shelves. Although consumer preferences changed rapidly, at least overall demand was steady and predictable. 

COVID has and continues to rampage through the apparel industry, suppressing demand for pretty much...

https://s29755.pcdn.co/news/why-nordstrom-rack-is-key-to-managing-overbought-inventory

Walmart and Target among retailers spending billions to catch Amazon

As Amazon continues to dominate e-commerce, major retailers are stepping up their investments hoping to benefit from shifting consumer demands. E-commerce sales topped $790 billion in 2020, according to IBM’s U.S. Retail Index, and with them expected to continue to grow, more retailers are shifting more of their resources to hold onto the customers they gained in 2020, and hopefully land a few more.

Walmart (NYSE: WMT), Target (NYSE: TGT), Best Buy (NYSE: BBY) and Disney (NYSE: DIS) – already...

https://www.freightwaves.com/news/walmart-and-target-among-retailers-spending-billions-to-catch-amazon