Each year at this time, our thoughts turn to turkeys.
No, not the ones that will adorn many dining tables on Thursday. But the "turkeys" lurking amidst your inventory. You know; non-selling, distressed, slow-moving, old, unappealing leftovers among your merchandise.
But this year, frankly, our worries extend beyond the turkeys.
Here are some of the reasons why.
Not an upbeat prospect for retailers, is it?
No, not the ones that will adorn many dining tables on Thursday. But the "turkeys" lurking amidst your inventory. You know; non-selling, distressed, slow-moving, old, unappealing leftovers among your merchandise.
But this year, frankly, our worries extend beyond the turkeys.
Here are some of the reasons why.
- All the gloom and doom talk about the economy and recession continues, affecting consumer attitudes.
- With few pandemic or supply chain issues, many retailers have more-than-ample inventory this year, unlike the previous two years.
- Inflation is impossible to ignore, especially for those who drive cars or shop for groceries.
Not an upbeat prospect for retailers, is it?