Sell, stow or dump? Retailers wrestle with mountain of unsold stock [Reuters]
PVH Corp. (PVH)
Last pvh corp. earnings: 4/1 04:15 pm
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Source: Reuters
Sell, stow or dump? Retailers wrestle with mountain of unsold stock MADRID/LOS ANGELES (Reuters) - Forget fast or slow fashion, now it’s ground to a halt. A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns. As retailers reopen around the world, they have to work out how to get rid of it. Their main options? Keep it in storage, hold a sale, offload it to “off-price” retailers like TJ Maxx which sell branded goods at deep discounts, or move it to online resale sites. None are ideal, and all are damage-limitation. Real estate company Knight Frank told Reuters it had fielded inquiries for excess stock for over 6 million square feet(557,500 square meters) of short-term let warehouse space in Britain since the pandemic took hold there in March. Yet storage is only a realistic option for evergreen “basics” that are not tied to one particular year and could be sold at a later date should c
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PVH
Earnings
- 4/1/24 - Beat
PVH
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- PVH's page on the SEC website