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Inventory Stabilizes for the First Time Since Pandemic

Q3 2023 saw inventories shrink while sales grew.

Published

3 months ago

January 31, 2024

INSTORE Staff

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.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”