Reopening of stores will make available a portion of inventory previously inaccessible. What must retailers do to manage it?
Retailers are dealing with unprecedented challenges brought on by the COVID-19 crisis. Prolonged store closures have left year-round, seasonal, and one-time-offer product ‘trapped’ in stores, distribution centers (DCs), and in some cases at third-party providers incurring storage costs. Upstream disruptions (stops and restarts) have left product stranded with overseas vendors and partners in various stages, from greige goods to finished product.
What do retailers do with the newly accessible inventory—whether already in stores and DCs or soon to be received?