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Dive Brief:
Duluth Trading Co. achieved its fourth consecutive quarter of year-over-year inventory gains in Q1 due to strategic SKU management and its enterprise planning process, Heena Agrawal, SVP and CFO, said during a June 8 earnings call.
Total inventory for the quarter was down 25% YoY, Agrawal said, adding that rightsizing buys and clearing excess stock also helped lower spring and summer seasonal inventory by 42%.
“Through the integrated planning process, we successfully synchronized inventory levels with our sales projections and optimized the scheduling of receipts,” Agrawal told analysts.
