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Sears Holdings has cut costs by trimming inventory, eliminating hundreds of jobs and freezing its pension and retiree health contributions.
AnnTaylor is renovating stores, trimming inventory and adding apparel in neutral colors to increase comparable-store sales, which rose in two of the past three months after nine consecutive declines.
But we do certainly think something has changed". Caso adds that this appears to be more than just a few suppliers trimming inventory.
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Indeed, for retailers this Christmas is about trimming inventories, not trees.
The decline in exports is slowing, and with companies aggressively trimming inventories, factories are beginning to boost production.
The Boston bank said "all respondents" indicated they were trimming inventories or jobs or deferring capital projects.
In two speaking appearances last week, Paul H. O'Neill, the Treasury secretary, emphasized the strength of automobile and home sales, both hovering near record levels for months, and manufacturers' success in trimming inventories.
Some problems can be traced to recent efforts by its chief executive, Robert L. Nardelli, to centralize the company's purchasing decisions, effectively removing control from individual stores, and to cut costs by trimming inventories and substituting part-time weekend workers for more experienced full-timers.
Early in the recession, production cuts aimed at trimming inventories aggravate the problem.
Businesses are trimming inventories to keep pace with weakening demand in all major industrial sectors, pink slips are piling up and retail inventories are dropping.
Former General Electric CEO Jack Welch was known for growing fast in the slow-growth economy of the 1980's by eradicating perceived inefficiencies, trimming inventories and dismantling bureaucracy.
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