Bentonville, Ark. - May 22 - Wal-Mart Stores will trim a second line of women’s apparel by the end of this year as it struggles with a growing inventory of ladies wear.
Wal-Mart said it will reduce by an undisclosed amount the number of U.S. stores carrying the fashion line by designer Mark Eisen, which it debuted last year. A spokesperson said the reduction will not be as large as the retailer’s rollback of its urban-style Metro 7 collection for women. The line, called George ME, is available in more than 3,000 stores now.
Wal-Mart’s inventories rose 10.3% in the fiscal first quarter, outpacing sales growth of 8%, as apparel sales remained weak.
Source:http://www.chainstoreage.com/story.cfm?ID=59675EIF&RefPage=Homepage
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