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Mr. Renck said he expected inventory to be as low as $350 million by Dec. 31.
With the fence sitters now in motion, and with the flurry of transactions completed, Mr. Miller said he expected inventory to stabilize.
Gap said it expected inventory per square foot at the end of the fourth quarter to be up in the high single digits compared with the year-ago quarter.
Many of us expected inventory accumulation to top out in this environment of below normal expansion.
EverythingPre's forum member atlanta has posted a bunch screenshots showing Best Buy's expected inventory levels for the Pre.
Cheng sees Alon USA Energy and Tesoro as being the biggest potential upsets of the season Alon for the weak margin environment and expected inventory losses, and Tesoro for California's weak refining market.
Similar(48)
Economists had expected inventories to be flat.
Experts had expected inventories to fall by 500,000 barrels.
Economists surveyed by Thomson Reuters had expected inventories to rise 0.5 percent during the month.
Wall Street analysts polled by Reuters had expected inventories to gain 0.5percentt, compared with a 1.5percentt rise in July that was previously reported as 1.4percentt.
Even if Saudi Arabia is willing to pump a lot more oil and Libyan production is recovering faster than expected, inventories remain tight and Asian demand will quickly eat into whatever spare capacity is left.
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