What's next after the "Inventory" Story?
And when will we see things get better?
Nike earnings came out and the inventory position shows 41% increase YoY. But, actual inventory came down from $9.3B from $9.7B. So there was actually some degree of inventory control and next quarter will probably be an even better situation.
But the question is what’s in store for Consumer Discretionary, and in particular the Retail sector next? Is the inventory story over or do we still see some more of that play out?