1994-06-06, English, Article, Journal or magazine article, Photograph edition: Inventory turns get newfound attention; but retailers' efforts hampered by aggressive store growth. Richter, Allan

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Physical Description
  • photograph
  • Magazine/​Journal article
Published
  • United Business Media LLC, 1994 June 6
Language
  • English

Edition details

Title
  • Inventory turns get newfound attention; but retailers' efforts hampered by aggressive store growth.
Appears In
  • Computer Retail Week, v4, no.n64, 1994 June 6, p6(1) (ISSN: 1066-7598)
Author
  • Richter, Allan
Published
  • United Business Media LLC, 1994 June 6
Physical Description
  • photograph
  • Magazine/​Journal article
Subjects
Target Audience
  • Trade
Summary
  • Computer retailers are attempting to increase their product turn ratios as they try to get higher volumes from existing stores, but aggressive store expansions are hindering the efforts of CompUSA Inc, Best Buy Co, and other chains that have opened several new stores lately. CompUSA's older stores turn their inventories as often as 10 times a year, according to SouthCoast Capital Corp analyst Clifford Haigler, but new stores generally turn their inventories fewer times, and its average store age is only a year and a half. CompUSA estimates that its turns will be flat at about seven for FY 1994 ending Jun 25; its turns declined from 7.49 in FY 1992 to 7.19 in FY 1993. Best Buy's turns decreased to 5.74 in its FY 1994 ended Feb 26 from 6.93 in FY 1993. Tandy's highest turns have come from its new Computer City and Incredible Universe operations; the company plans to sell IBM computers at its Radio Shack chain, which is expected to increase inventory turns.
Notes
  • photograph
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15558181

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