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Spring homebuying season kicks off with encouraging start; California median home price sets new all-time high, C A R reports

Spring homebuying season kicks off with encouraging start; California median home price sets new all-time high, C A R reports
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Tempering mortgage rates propel California home sales in January, C A R reports

/PRNewswire/ California existing home sales rebounded in January to the highest level in six months as mortgage rates pulled back sharply at the end of.

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Apparel Retailers: Retailers forced to write-off inventory due to obsolescence, cut sourcing periods, ET Retail

Apparel retailers are facing challenges with unsold inventory, resulting in write-offs and impacting margins. They are reducing sourcing periods to mitigate the risk of obsolescence and adjusting their ordering strategies. The industry was unprepared for the sudden demand slump after the festive season in 2022, leading to stockpile. Retailers are now planning for shorter periods and buying closer to the season. Despite extended discounting, retail sales growth has been negative for like-for-like stores due to a shift in consumer spending towards travel and experiences.

Apparel retailersDemand slumpUnsold inventoryReduced sourcing periodFast fashion trendMargin erosionShoppers stop ltdEnd of season sale

demand slump: Retailers forced to write-off inventory due to obsolescence, cut sourcing periods

Apparel retailers are facing challenges with unsold inventory, resulting in write-offs and impacting margins. They are reducing sourcing periods to mitigate the risk of obsolescence and adjusting their ordering strategies. The industry was unprepared for the sudden demand slump after the festive season in 2022, leading to stockpile. Retailers are now planning for shorter periods and buying closer to the season. Despite extended discounting, retail sales growth has been negative for like-for-like stores due to a shift in consumer spending towards travel and experiences.

Kavindra mishraKumar rajagopalanLalit agarwalDevaranjan iyerShoppers stop ltdLifestyle internationalRetailers association of indiaStop ltdV mart retailRepublic dayRetailers associationDemand slumpInventory obsolescenceSourcing periodsProduct obsolescenceUnsold inventory

California home sales remain stagnant in December, C A R reports

Existing, single-family home sales totaled 224,000 in December on a seasonally adjusted annualized rate, flat from November and down 7.1 percent from December 2022.December s statewide median home price was $819,740,

United statesSan bernardinoSan benitoSan joaquinEl doradoSan franciscoCentral valleySan francisco baySan diegoLuis obispoLos angelesMelanie barkerLos angeles metroSanta claraSanta barbaraFreddie mac