Wal-Mart ponders quota concerns.(Lehman Brothers Retail Seminar)
Home Textiles Today, May, 2004
NEW YORK -- Wal-Mart shared its outlook on quota elimination, price deflation and the future of RFID during the annual Lehman Brothers Retail Seminar here last week. Despite industry concerns regarding quota imbalances this year--primarily the fact there will be no quota carry-forward to pad excess orders--the retailer is not anticipating shortages, according to Jay Fitzsimmons, senior vice president, finance, and treasurer.
Addressing the apparel segment specifically, he added, "I can't find any of our buyers who think that's a problem." If quotas are reinstated in 2005, he said, the company believes it will be on a minor level, particularly as the presidential election will be over at that time. The larger problem related to imports has...
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