Obsolete Inventory
Categories: Company Management
Those huge, puffy winter coats your retail store bought, paid for, stored, tried to sell and then...didn't. And now it's May, and it's 75 degrees outside, and...yeah. They're obsolete. Certainly for this winter.
And yes, the seasons will return and it'll get cold again. But this year's styles next year? Eh, maybe not. That inventory might be toast.