Turning Inventory Into Cash: How Retailers Can Thrive In a Post-Pandemic World
"Inventory is typically a retailer’s biggest asset. After all, the only way that retailers stay in business is to sell goods: the faster and more profitably, the better.
Today, however, unsold inventory is a retailer’s worst nightmare. Retailers are sitting on mountains of merchandise after several months of store closings. According to McKinsey, the value of excess inventory from spring/summer 2020 collections is a staggering $154.5 billion to $176.7 billion worldwide."