Retail, Inventory, and Deals!

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 12 November 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shipping container prices are down 74% from early this year! But many retailers have too much stuff, and shoppers are less eager to check out the clearance racks. Motley Fool Senior Analyst Sanmeet Deo joins Ricky Mulvey to discuss: - Which retailers are tackling inventory challenges well - An overlooked metric for retailers - And a compelling opportunity for long-term investors Companies mentioned: LULU, NKE, TJX, DKS, SPG, TGT, JWN, ROST, M, AMKBY Article about Macy’s inventory management: https://www.retaildive.com/news/macys-inventory-glut-management-supply-chain-officer-dennis-mullahy-peak-season/635640/ Host: Ricky Mulvey Guest: Sanmeet Deo Engineers: Rick Engdahl, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	There's an Accenture Survey of retail executives that was released in October to found nearly
0:05.4	all of them 99% of their increased their promotional activity as part of the holiday plans.
0:10.5	And another 35% said their companies are deeply discounting or taking measures to get rid
0:15.2	of excess inventory.
0:16.2	So, like we said, at the earlier part of the podcast, if you're looking for some deals,
0:21.1	go out there and shop and see what's out there.
0:23.8	And if you're looking in the market for TV, apparel, something, check it out.
0:31.9	I'm Chris Hill, and that's Motley Fool's Senior Analyst, Sandmeet Dayo.
0:36.4	As shoppers are gearing up for Black Friday, Ricky Mulvey caught up with Sandmeet to discuss
0:41.3	how retailers are navigating inventory pileups, and how one real estate investment trust is
0:47.5	showing how malls aren't dead.
1:10.1	It seems that it's cheaper to put things onto a ship, but also a lot of these retailers
1:15.1	have a lot of stuff that they're dealing with already.
1:17.8	That's the big theme I'm seeing.
1:19.6	How about you?
1:20.6	Yeah, inventory excess is kind of the theme going into the holiday season right now.
1:26.6	Just recently in about late September, Nike's discussion on their earnings call about their
1:32.2	inflated inventories kind of spooked the market a little bit.
1:37.2	US retailers have been sitting on a record of 732 billion of inventory as of July, which
1:42.4	is a 21% increase from a year ago according to the Census Bureau data.
1:48.0	This might be a good time to start looking for some deals as consumers for the holiday season.
1:52.8	If you're looking for a TV, electronics, and apparel, all kinds of things.
	...

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