Economic conditions have caused many retailers (garden centers included) to reduce inventories. Whether they decided to reduce redundancy and confusion in their merchandise mix, or were simply over-buying and had too much inventory at the wrong time in the wrong amount, the net effect is less inventory on hand. Some retailers handle adjustment to reduced inventory better than others. This falls in line with my previous post on the Horticulture Zombieconomy, but takes it straight to the sales floor where the customer is involved directly. Ted Hulbut suggests that retailers who aggressively reduce inventory may become Zombie Stores and Zombie Departments, but do they have an alternative?
What will happen when retailers adjust inventory to reduce unproductive items and to match customer traffic and sales levels? Continue reading
Filed under: Clients, Consumers, Merchandise, Product | Tagged: buying, consumer, customer traffic, death spiral, inventories, inventory, merchandise mix, out of stocks, over buying, remnants, retailers, sales floor, sales level, selection, Zombie Departments, Zombie Stores, Zombieconomy | 6 Comments »