Suzanne Kapner
speaker
353 appearances
8 recordings
1 series
first heard Apr 2020
last heard Feb 2024
Suzanne Kapner’s voice in public audio — every appearance, attributed to the second.
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Appearances
It's like an executive said, it's not like wine.
This kind of inventory does not get better with age.
And there are some, you know, basics, things that are in season, that are in style year after year.
They will try to pack away.
But there is a cost to that.
You have to pay for the warehousing and the storage.
And retailers, you know, they really need right now more than anything packaging.
to raise cash.
And one way they do that is by selling goods.
So, you know, they don't want to have to sit on this stuff if they can't help it.
We've seen a lot of the big chains, you know, draw down their credit lines, refinance debt and try to boost their liquidity in various ways.
But, you know, in normal times, the way retailers make money is to sell their goods and they convert inventory to cash.
And they're not able to do that right now.
Well, the problem there is, you know, stores around the world have been closed due to this virus.
And, you know, in China, stores are just starting to reopen, but there is a backlog of goods there as well.
So that's not really a realistic option.
That's usually in a lot of respects the last stop because, you know, they'll get the least amount of money recovered that way.
But some nonprofits are saying they are, you know, girding for a record year of donations because retailers really have nowhere else to put this stuff.
I did talk to one company delivering good, which donates clothing and apparel to communities in need.
And a lot of brands are contacting them about wanting to make donations right now.
Showing 321–340 of 353 · page 17 of 18
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