5/31/2023 0 Comments Logistic inventory manager jobs![]() ![]() ![]() “That does not mean we will not respond to the consumer,” Plas added. last week, said that retailers got “stuck with inventory” last year, and Kohl’s is looking to be more “rigorous” and “disciplined” in inventory management going forward, including by working with suppliers. Plas, speaking during a panel at an American Apparel & Footwear Association summit in Washington D.C. “We are putting a spotlight on fresh receipts and on driving turnover.”Īlong with planning for less inventory, Kingsbury said the company would “adjust how we mark our goods, getting rid of excess inventory or slow-selling items on a more even flow throughout the year, instead of waiting until the end of a season.”ĭan Plas, Kohl’s SVP for enterprise digital and e-commerce, described the company’s new approach to receipt management as “being able to sense and respond, read and react to where consumers are and then quickly partner with our supply partners” to meet demand with product. “During the past three months, I have spent a significant amount of time focused on merchandising, including establishing stronger inventory control processes,” said Kingsbury, who took over as Kohl’s chief executive starting in December. Sales were down more than 7% for both Q4 and the full year, and operating profit fell by more than 85% YoY in 2022. Kohl’s financials tell the story of why the company is making changes to the flow of product through the business.
0 Comments
Leave a Reply. |