TJ Maxx is killing it and I have to admit I'm very biased against this company because I spent most of my childhood trying to get my mom out of a TJ Maxx store more quickly. It's gotten Goldenberg, their vice president, the latest call said, our overall store inventory turns are better than pre-pandemic levels. They know how to play to that shopper who isn't online and you really got to go through and bargain hunt and take upwards of 90 minutes to two and a half hours for your shopping trip. There's not cheap when the market is trading for I think around 15 now.
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
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