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Stockpiles
Staff -- Home Textiles Today, 8/12/2002 12:00:00 AM
Stockpiles
building or cutting inventories
| INVENTORY PRODUCTIVITY DOUBLES: Looking for ever more ways to cut costs in a weakening environment for retail sales, suppliers during 2001 kept cutting back on production and whittling down their stockpiles in a concerted effort to bring supply into better line with demand. And it was working. While sales for the 10 companies measured fell by an average of 7.7 percent, inventories were slashed by more than twice as much, an average of 16.7 percent. | ||||
| Source: Home Textiles Today market research |
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| Rank by % change in inventory | Rank by % change in sales | Company | Inventory % change | Sales % change |
| 1 | 1 | Quaker Fabric | 9.5% | 9.3% |
| 2 | 3 | WestPoint Stevens | -2.5 | -2.8 |
| 3 | 6 | Polymer Group | -5.5 | -5.4 |
| 4 | 2 | Mohawk Inds. | -7.5 | 1.2 |
| 5 | 4 | Wellman | -17.9 | -3.2 |
| 6 | 8 | Pillowtex | -23.5 | -18.1 |
| 7 | 5 | Dan River | -24.1 | -4.9 |
| 8 | 7 | Burlington Inds. | -24.7 | -13.4 |
| 9 | 10 | Guilford Mills | -28.7 | -21.0 |
| 10 | 9 | Cone Mills | -41.6 | -18.6 |
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