What Retailers Can Do with Excessive Inventory Pile Up from the Pandemic

Too Long; Didn't Read

Retailers are struggling to move an overload of spring 2020 clothing in order to make room for this year’s collections. The need for clothing has increased significantly because of pandemic restrictions and outbreaks in shelters, which resulted in many people being forced to sleep outdoors and embrace the weather. A recent study predicted that there is around $160 – $185 billion globally of excess merchandise from spring 2020 apparel collections. This much excessive inventory can result in multiple production disturbances, delays in shipping issues, unforeseen technical returns and more technical issues.