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Specialty Retail Faces Several ‘Grim’ Months of Moving Stale Merch, Fighting for Margins

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Specialty retailers saddled with mountains of inventory could need as much as six months to clear through this stale merchandise—and competitive dynamics are likely to dictate just how deep product-moving promotions will go when retail reopens. And that’s not all, according to UBS U.S. softlines analyst Jay Sole, who expects retailers will match their peers…

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