Which Retailers are Holding Inventory the Longest?
June 25th, 2009 | by:
Sageworks released a study this morning outlining what types of retailers are holding their inventory the longest over the past 12 months, compared to pre-recession 2006. Jewelry stores are holding their inventory 19 days longer in the last 12 months, compared to 2006, the largest increase of any retail sector. Nurseries and lawn equipment stores are second on the list, with an increase of 14 days. As we all know, the longer it takes for inventory to turn, the more serious the implications are on cash flow and profits.
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Sageworks Study: Retailers’ Inventory Days, 2006 vs. Today |
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NAICS - Industry |
2006 |
2007 |
2008 |
Last 12 Months |
Change From 2006 |
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4483 - Jewelry, Luggage, & Leather Stores |
82 |
87 |
102 |
102 |
19 |
|
4442 - Lawn & Garden Equipment Stores |
70 |
78 |
81 |
84 |
14 |
|
4453 - Beer, Wine, & Liquor Stores |
52 |
56 |
64 |
64 |
12 |
|
4441 - Building Material Retailers |
62 |
68 |
71 |
71 |
8 |
|
4422 - Home Furnishings Stores |
43 |
46 |
51 |
51 |
8 |
|
4481 - Clothing Stores |
76 |
80 |
80 |
83 |
7 |
|
4511 - Sporting Goods & Hobby Stores |
76 |
77 |
84 |
83 |
7 |
|
4411 - Automobile Dealers |
64 |
68 |
71 |
71 |
6 |
|
4431 - Electronics & Appliance Stores |
50 |
55 |
53 |
55 |
5 |
|
4412 - Other Motor Vehicle Dealers |
83 |
86 |
82 |
88 |
5 |
|
4452 - Specialty Food Stores |
23 |
25 |
28 |
27 |
4 |
|
4461 - Health & Personal Care Stores |
39 |
39 |
42 |
43 |
4 |
|
4541 - Electronic Shopping & Mail-Order Houses |
53 |
53 |
56 |
56 |
3 |
|
4471 - Gasoline Stations |
11 |
11 |
12 |
13 |
1 |
|
4532 - Office Supplies & Stationary Stores |
52 |
50 |
55 |
52 |
0 |
|
4451 - Grocery Stores |
28 |
27 |
26 |
28 |
0 |
|
4421 - Furniture Stores |
72 |
71 |
70 |
69 |
-3 |
|
4413 - Automotive Parts and Tire Stores |
58 |
56 |
54 |
54 |
-4 |