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Liquidation warehouse6/12/2023 Online shopping habits during the pandemic also led to customers becoming more used to returning items, Stock said. He added it is “very challenging for retailers to predict the future demand,” especially when they can’t order on a short-term basis. That meant retailers had a problem selling what customers were looking for and then ordered more so as not to end up in that position again, Stock said. “The pandemic put a lot of strain on the supply chain overall,” said Axel Stock, associate professor of marketing at University of Central Florida. The pandemic’s disruption of the supply chain is also a factor. In June, Target said in a news release it was taking actions to “right-size its inventory” amid what it described as a “rapidly changing environment.” Some retailers noticed earlier this year consumer purchases were shifting as more people left their homes coming out of the coronavirus pandemic. The federal government’s Consumer Price Index increased 8.5% over the year ending in July. ![]() The story noted that inflation is hurting discretionary consumer spending, leaving stores with more goods. ![]() The New York Times reported in July that a Liquidity Services warehouse in Pennsylvania was “operating at exceptionally high volumes for this time of year.” The Forsyth Road liquidation store is part of Panchal’s 24,000 square feet of storage space around Central Florida.Īnd it’s not just RK’s Liquidation Warehouse or Orlando where business is busy. Ravi Panchal, one of the owners of RK’s Liquidation Warehouse, gives a tour of the store at 2221 N Forsyth Road in Orlando, on Friday, August 12, 2022.
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