News / Retailers warn of challenging orderbooks amid continued high inventory

© Tanya Keisha

Confidence in the freight market that retailers are approaching satisfactory inventory levels may be too optimistic, as recent earnings calls continued to note high levels of stock.

Shippers noted a “very challenging orderbook” and that retail would be “very careful committing to orders”.

The news follows a recent decision by toymaker Funko to destroy between $30m and $36m-worth of surplus stock filling its warehouses and increasing costs. Several major retailers don’t see stock levels – and, therefore, re-ordering – meeting demand until the ...