Re­tail in­ven­to­ries ris­ing

Daily Freeman (Kingston, NY) - - BUSINESS -

Busi­ness in­ven­to­ries can give a glimpse of what re­tail­ers ex­pect this hol­i­day shop­ping sea­son.

Based off the lat­est Cen­sus Bu­reau re­port, au­tomak­ers might be hop­ing that peo­ple buy a new set of wheels since in­ven­to­ries have largely in­creased be­cause of car deal­er­ships.

The cash value of in­ven­to­ries at auto deal­ers has shot up 10.2 per­cent over 12 months to $212.4 bil­lion, ac­cord­ing to the gov­ern­ment’s break­down of Au­gust fig­ures. But sales at these deal­er­ships have risen just 2.5 per­cent dur­ing the same pe­riod. This mis­match raises the pos­si­bil­ity that car buy­ers could re­ceive some pleas­ant year-end in­cen­tives at deal­er­ships in or­der to clear out lots.

Cloth­iers ap­pear to be an­tic­i­pat­ing a mod­est bump. Their in­ven­to­ries eased up 1.6 per­cent in the past year to $54.3 bil­lion, even though their sales have dipped slightly. But de­part­ment stores may be turn­ing Grinch-like this sea­son. Hurt by on­line shop­ping, fal­ter­ing mall traf­fic and chang­ing spend­ing pat­terns, their in­ven­to­ries have plum­meted 4.6 per­cent over the past year to $26.2 bil­lion.

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