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This has led to the rising value of inventory," said Jeff Longhurst, chief executive of the ABFA.
Zale's results included a one-time charge of $25 million to reduce the value of inventory that the company said failed to meet its standards.
Atlas, the largest hauler of freight for other airlines will change the way it accounts for value of inventory, with an allowance for bad debts and maintenance expense.
The results included a charge of $49 million related to an accounting adjustment reflecting a change in the value of inventory.
In its third quarter, which ended Oct. 30, the value of inventory for sale in a square foot of floor space fell to $70 from $83 in the period a year earlier.
INV = Book value of inventory divided by total assets.
Similar(47)
Supplies of unsold goods rose 0.4percentt in July from June, lifting the value of inventories to a seasonally adjusted $1.1 trillion.
The value of inventories rose $67 billion in the three-month period, or $6 billion less than in the third quarter.
A Commerce Department report showed a 0.1 percent increase in the value of inventories at United States wholesalers in June.
The Commerce Department said the value of inventories held by manufacturers, wholesalers and retailers rose 0.8percentto to a seasonally adjusted $1.181 trillion, after gaining 0.5percentt in April.
During the quarter, the value of inventories fell $60.1 billion, the largest decline relative to the economy's size since the early 1980's.
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