FTD reports: Major US retailers have plans to thin out the selection of goods they have on offer, with a view to slashing inventories. Saks, Neiman Markus, Macy's and Bloomingdales all announced to reduce overall monthly order volumes by up to 25 %. And Walmart said it has plans to delist up to 25 % of products in some categories, and gives the example of instant glue, where it currently offers 25 different products, but will slash the selection to 11.
Doesn't sound too good for manufacturers of consumer goods, huh?
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