Worm’s world view #52: Early EOSS (end of season sale) in Apparel Retail kicks off – reflection of (likely) subdued performance in Q1FY24
Our primary research (survey) indicates current EOSS (end of season sale) has kicked off two weeks early (likely) due to general business slowdown. We believe higher discounts are reflective of relative stress in underlying inventory, and hence, may be a leading indicator of business performance in near term.