Overall supply at retailers still 18% below normal, huge shortages in some segments, gluts in others. Thankfully, grocery stores are only a tad below normal.
By Wolf Richter for WOLF STREET.
The retail industry measure of inventory levels – the inventory-sales ratio – ticked up to 1.21 months’ supply at the end of June, according to data from the Census Bureau last week. This has come up from the empty-shelves era, but was still down by 18% from the average supply in 2019. And there are vast differences by segment of retailers, from relentlessly huge shortages at some, to slightly below normal at others, to overstocked at others.
New-vehicle dealers are still woefully low on inventory and essentially out of stock of fuel-efficient vehicles. The number of new vehicles in stock is down 70% from 2019. At other retailer segments, such as grocery stores, the shortages are…