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The problems stem from 2009, when stores slashed inventory.
Another problem for specialty retailers: slashed inventory.
Toys RR" Us, Mattel's largest customer and the biggest Barbie retailer, slashed inventory, but that wasn't the whole story.
Similar(50)
Manufacturing added 1,000 jobs in February, on top of a larger increase in January, but some experts say that trend will soon wane because businesses that slashed inventories are merely rebuilding their stocks.
Within two years he slashed inventories from $84 million to $34 million.
He slashed inventories and accounts receivable by $675 million and trimmed debt.
But slashing inventory may not be enough to turn around the company's fortunes.
If they all occur, and Sears succeeds in cutting costs and slashing inventory, the company could have a sizable cash cushion in the fall.
Department stores and specialty boutiques are expected to drastically slash inventory as consumers shy away from spending.
Saks has taken a variety of cost-cutting measures, such as slashing inventory and employees, but those moves alone won't provide the wherewithal to cover debt service.
Retailers aren't expecting the economy to improve in time for their crucial back-to-school events, or even their big holiday bonanzas, but they have finally started reacting by cutting costs and slashing inventory.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com