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Inventory Stabilizes for the First Time Since Pandemic

Q3 2023 saw inventories shrink while sales grew.

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Inventory Stabilizes for the First Time Since Pandemic
PHOTOGRAPHY: Thitivong/iStock.com

The third quarter of 2023 marked the first time since 2020 that retail sales outpaced inventory, according to analysts at the Telsey Advisory Group

In Q3 2022, the spread between inventory and sales growth was positive 3,320 basis points. In Q3 2023, the spread hit negative 730 points. In addition, inventories in the retail sector were down 7.8 percent in Q3 2023, compared to 38 percent growth in Q3 2022. 

In 2024, retailers are anticipated to “continue to control inventory,” according to the analysts.

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Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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