For London-listed Coats Group
CEO Rajiv Sharma was looking forward to a burst in orders once customers emptied their warehouses, but he said during an analyst call on Aug. 1 he couldn't predict the timing and scale of that recovery until the fourth quarter. "Excess savings that consumers have built since the pandemic began are draining, and we think all of these excess savings could be depleted by year-end or early next year."
The U.S. inventory-to-sales ratio was 1.4 in May, up from 1.33 a year ago, which means retailers, manufacturers and wholesalers have more inventory than they can sell at a higher rate than a year ago, she said., said hopes destocking would be over by end-June was overly optimistic.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: