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Exact(14)
She said inventory, previously tight, had expanded in recent months.
The company said inventory shortages had helped cause the problem.
For example, he said, inventory levels and fulfillment costs have been declining while gross profit margins have increased.
Jonathan Basile, an economist at Credit Suisse First Boston in New York, said inventory rebuilding was projected to contribute a percentage point to the economy's growth this quarter.
Mr. Hoffman said inventory at the Los Angeles food bank was down to 1.3 million pounds, from 2.6 million pounds at this time last year.
In Westchester, he said, inventory was up and sales were down, but, contrary to the usual functioning of supply and demand, median prices remain higher than ever.
Similar(46)
The report said inventories among the 29 countries in the Organization for Economic Cooperation and Development were the lowest since February 1997.
But economists said inventories still shrank during the summer from what were already extremely low levels.
The Commerce Department said inventories rose 0.7percentt in August, to $1.206 trillion, after a 0.4percentt increase in July.
Rance Reehl, director of the Baldwin County Association of Realtors, said inventories are at a high.
The Realtors association also said inventories shrank to 3.89 million, a supply that is good for just over eight months.
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