Kohl’s cuts inventory by 14% as it prioritises discipline
What: Kohl’s cuts down its stock levels by 14% year-over-year to USD 3.2 billion in Q2.
Why it is important: The reduction in inventory beat the company’s expectations as 2022 stock levels were “out of control” and resulted in discounting which affected the profits.
The inventory shift brought multiple advantages to the company in the quarter that consumer spending is under pressure due to the economic environment. In addition to stock management, Kohl’s also wanted to keep buying budgets open to respond quickly and benefit from trends.
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