|
Trade News Archive 2009
January February March April May June July
Subscribe to our newsletter Go to The Wholesaler UK Directory
19th June 2009
Wholesalers in control of stock levels
Wholesale stock levels are being more effectively managed by suppliers than they were six months ago, it has been suggested.
According to Richard Lowe, head of retail and wholesale at lender Barclays Commercial Bank, retailers may be struggling for revenue as sales move "sideways", but their supply chains are running smoother than during the Christmas period.
Commenting on the publication of new retail figures from the Office for National Statistics (ONS), he said that shops can go into the summer sale season without needing to make "aggressive" cuts like those seen in January.
"A re-invigorated supply chain has not meant that retailers are losing track of the need to follow lessons learned in recent months and stock levels remain well controlled," Mr Lowe added.
The ONS figures confirmed that retail sales slumped by 0.6 per cent in May compared to the previous month and were down 1.6 per cent over the year.
Non-food stores suffered a three per cent fall in year-on-year sales, with household goods, clothing and footwear taking the largest hits.
(c) 2009
Comment on this news story
Trade News Archive 2008 December November October September August July June May April March February January
|
