We are still forecasting and buying like we have innovative product. At least Kohls will buy it, but this is going to get worse before it gets better.
8 replies (most recent on top)
@9ufh+1oM7d6B4 - last few quarters, they managed as well. Actual inventory levels were much worse. Ask people who were generating those numbers in Supply Chain or Commercial Analytics
So, for the last few quarters Nike couldn't figure out how to "manage" the inventory in quarterly reports. Just this quarter they figured it out how to? If they know how to "manage" the numbers, why didn't they do all those other quarters? I'm not saying they don't massage the numbers a bit, every company does - but the inventories have obviously gone down and that was the point.
Who is deceiving whom? You may fabricate figures, but I strongly suspect that JD and his team are on the brink of dismissal when stakeholders discover the discrepancies in the numbers.
@8ajz+1oM7d6B4 - Quarterly results were managed so it doesn’t look bad. You should know this.
The 1qtr results called you are a liar.
Actually the problem tends to be people not realizing you don’t need 10% more units to grow 10% in revenue. You end up putting too much in the market and discounting heavily to sell.
But agree with OP. They’re still over ordering thinking everything we put on shelves is going to do well when it hasn’t in a long time.
Wait until Thursday
I mean… if you want to grow by 10%, you need 10% more. Can’t just do the same exact thing and grow. But I get it.