Major inventory supplier trims purchase orders to the country’s largest retailers
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Helen of Troy, a leading supplier of many brands like Hydro Flask and Vicks, is falling back after a year of inventory glut. The company is cutting purchase orders as its top three customers, Amazon, Walmart, and Target, scale back on products due to stockpiles that haven’t sold. Helen of Troy CEO Julien Mininburg says that they hope the scale-back will normalize the business forecast of both the supplier and retailer.
Check out today’s featured article from Supply Chain Dive to read about Helen of Troy’s decision to pull back purchase orders and what it could mean for the customers of some of the largest retailers in America. ☕️
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Featured Article:
Inventory glut leads an Amazon, Walmart supplier to cut purchase orders | Supply Chain Dive
“Helen of Troy is reducing its purchase orders in response to its major retail customers trimming their gluts in inventory, CEO Julien Mininburg said on the consumer products company’s July earnings call.”
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Growing transportation costs have skyrocketing fuel surcharges to blame
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Quote of the Day:
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―Maya Angelou, American poet, singer, and civil rights activist
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