Sentence examples for liquidation of inventory from inspiring English sources
"Our overall performance fell short in the third quarter primarily due to soft sales as our liquidation of inventory cannibalized our regular sales," Kmart Chairman and CEO Chuck Conway Chuck Conway explained in a statement.
A liquidation of inventories cut into the growth of the gross domestic product in the third quarter, and a restocking is expected to help lift the economy in the final three months of the year.
Lower demand and liquidations of inventories are keeping prices down temporarily.
After the sale, Sunoco said it could record a $2 billion gain related to the liquidation of some inventories.
In eMachines' EDGAR statement for May 1 , 2001 eMachines stated that its "net loss for the first quarter of 2001 was $31.1 million, or $0.21 per share, compared to a loss of $11.9 million, or $0.13 per share, in the first quarter of 2000", and that these results "reflect the substantial discounts and incentives that we gave to retailers to enable liquidation of product inventories".
Vogelstein sees rising inventories and the cessation of inventory liquidation to be the key fulcrum of the economy's recovery.
"I've been doing this for 14 years," said Stewart Cohen, a partner in the Ozer Group, a liquidation and restructuring firm based in Needham, Mass., "and there is nothing like what we have experienced in the last 30 days in terms of the number of stores and the billions of inventory up for liquidation".
The charge will reflect the effect of asset liquidations, inventory adjustments and the accrual of future fixed costs associated with the four closings as well as the effect of the consolidation.
The amount of inventory is high.
