Retail

Retailer has enough inventory for holidays

0


Target CEO Brian Cornell is confident the big-box retailer will have plenty of merchandise this holiday season, despite industrywide supply chain complications that have sparked worries that items could quickly sell out of stock.

Target’s inventories were up $2.5 billion in its latest quarter compared with a year earlier, Cornell said in an interview with CNBC’s Becky Quick on “Squawk Box” Wednesday morning. The company has been buying goods early in preparation for a blowout holiday season and is cognizant of port delays, heightened transportation costs and other shipping constraints.

“We’re getting access to that inventory, and our stores are at this point ready for the school season,…



Source cnbc.com

0 0 votes
Article Rating

Lowe’s (LOW) earnings Q2 2021 beat projections

Previous article

BMW secures funding for EV battery aiming to rival traditional engine

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Retail