The tail end of first quarter earnings season has brought two clear investor desires — more cash and less inventory — to the fore.
Tech companies are scrambling to gather the former while retailers are stuck with too much of the latter. And in their own way, each industry is telling the market that a paradigm shift brought on during the pandemic has turned into a passing phase of this economic cycle.
Dick’s Sporting Goods (DKS) became the latest retailer to report bloated inventories on…
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