Skip navigation

Gloucestershire Business News

Fashion retailers dealing with stock surplus

Fashion retailers including M&S and Next are reported to have warehouses full of unsold stock due to a supply and demand imbalance.

The problem has been piling up due to easing of supply chain issues and a drop in consumer spending, reports The Times.

M&S, the UK's biggest clothing retailer, is said to have postponed further deliveries to its warehouses and delayed finalising orders for next year.

It has also discounted its winter coats, jackets and winter boots by 20 per cent in a bid to clear excess stock after mild weather reduced demand.

A M&S spokeswoman said like other retailers it was "readjusting stock flow" as supply-chain disruption eased. It's clothing and home sales rose 4.2 per cent in October.

Next is also dealing with a glut of stock.

It makes 41 percent of its online sales on third-party brands and is said to have returned some stock to brands to free up warehouse space.

Black Friday and Cyber Monday discounts, which normally boost sales for retailers, are expected to have a more more muted effect this year.

Data from Springboard, which tracks shopper numbers, showed shopper numbers were 19 percent lower this black Friday than in 2019.

However, they rose by 12 per cent compared with the week before, and were nine per cent higher than in 2021.

Footfall only increased "very marginally" on Saturday, up 0.9 percent compared with the week before.

Diane Wehrle, Springboard's insights director, said she did not expect significantly higher traffic in shops today for Cyber Monday.

Related Articles

Walkout Wednesday: Businesses and families hit by strikes Image

Walkout Wednesday: Businesses and families hit by strikes

Up to half a million workers are walking out today in the biggest day of strikes for years.

BBC staff to hold ballot over local radio cutbacks Image

BBC staff to hold ballot over local radio cutbacks

BBC journalists are to vote on industrial action in a dispute over planned changes to local radio programming.

Business confidence in South West in positive territory Image

Business confidence in South West in positive territory

A monthly Business Barometer in the South West has provided 'grounds for optimism'.

Fly-tipping figures ‘fail to reflect full scale of crime’  Image

Fly-tipping figures ‘fail to reflect full scale of crime’

The number of fly-tipping incidents across nine regions in the South West has soared in the past year, according to the latest figures.

Copyright 2023 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.