Inventory

Inventory · Halden & Rowe

Cover is healthy overall, with outdoor overhanging into autumn.

Availability holds above target across womenswear and menswear. Outdoor and garden are running four weeks over cover and are the single largest working-capital lever this quarter.

Health · Watch

Outdoor overhang is the only material risk to the inventory position.

Metrics

Inventory at a glance

The readings a retailer would look at first.

Availability

96.4%

up 0.3 pts vs last week

Above target band across every category except loyalty exclusives.

Weeks of cover

12.4

up 0.6 vs last week

Category target is 10.5 weeks; outdoor is at 16.8.

Overstock

£3.9m

up £180k vs last week

Outdoor and garden account for 71% of the overstock position.

Stockouts

142 lines

down 18 vs last week

Concentrated in womenswear denim sizes 8 and 10.

Dead stock

£620k

flat vs last week

Ageing above 26 weeks; scheduled for October clearance.

Slow movers

412 lines

up 9 vs last week

Menswear tailoring showing early softness.

Fast movers

78 lines

up 6 vs last week

Loyalty exclusives leading; consider replen buys.

Inventory age

72 days

up 2 days vs last week

Within tolerance; outdoor is skewing the average.

Summary

Inventory summary

Ana's editorial reading of the discipline this week.

Inventory is in a healthy position for the trading week. Availability sits above target, stockouts are declining, and fast-moving lines are gaining ground week on week.

The one clear risk is outdoor and garden, where cover is now four weeks above the category target. Left untouched into August, this reduces the working capital available for the autumn buy window and increases the likelihood of margin-eroding clearance.

Visual evidence

How the inventory position is developing

Six charts, one commercial story.

Working capital

Inventory value is running ahead of plan

Portfolio inventory value, weekly, £m.

£42m£43m£44m£45m£46m£47m£48mW1W2W3W4W5W6W7W8Working capital in stockPlan

Source · Commercial Intelligence · Inventory facts

What this shows

The blue line is inventory on hand. The dashed line is the plan.

Why it matters

The gap has been widening for four weeks — this is where the cash pressure is coming from.

Ageing

Outdoor carries the ageing exposure

Inventory value by category and age band, £m.

£0m£2m£4m£6m£8m£10m£12m£14mWomenswearMenswearOutdoorFootwearHome0–30 days31–60 days61–90 days90+ days

Source · Inventory ageing snapshot

What this shows

How each category's inventory value splits across four age bands.

Why it matters

Outdoor is the only category with material stock past 90 days — this is where markdown reserve is likely to fall.

Cover shape

Most SKUs sit inside a healthy cover window

SKU count by weeks-cover band.

42Understock (<4w)218Healthy (4–10w)96Elevated (10–16w)61Overstock (16w+)

Source · Inventory Explorer

What this shows

How many SKUs sit in each cover band — understock, healthy, elevated, overstock.

Why it matters

The healthy band is still the largest, but overstock is now the second biggest band. That is the shape to reverse.

Concentration

Working capital sits disproportionately in Outdoor

Inventory value by category, £m.

Outdoor£13mWomenswear£11mMenswear£8mHome£7mFootwear£6m

Source · Inventory position

What this shows

Total inventory value carried by each category.

Why it matters

Outdoor holds more capital than Womenswear despite trading a smaller share of revenue.

Sell-through

Sell-through is improving but still below plan

Weekly sell-through rate, portfolio.

68%70%72%74%76%W1W2W3W4W5W6W7W8Sell-throughPlan

Source · Sales facts

What this shows

Portfolio sell-through against the weekly plan.

Why it matters

The trend is upward, but the gap is closing slowly — not fast enough to unwind Outdoor stock organically.

Supplier

Weber is the single largest supplier exposure

Inventory value by supplier, £m.

Weber£4.2mNapoleon£2.1mThe North Face£1.8mBarbour£1.4mHunter£1.1mLe Creuset£0.9m

Source · Supplier ledger

What this shows

How much inventory value is committed to each key supplier.

Why it matters

Weber concentration matters when any Outdoor conversation reaches into range depth or promotional mechanics.

Category health

Category health at a glance

One row per category, five commercial readings.

AvailabilityCoverSell-throughAgeingMarkdownOutdoorWomenswearMenswearHomeFootwear82%18wBehindAgeingElevated94%9wOnFreshRising96%8wAheadFreshSteady92%11wOnHealthySteady95%9wAheadFreshLow

Source · Inventory Intelligence read model

Evidence

Inventory Explorer

Move from Ana's reading to the exact category, product or SKU behind it. Recommendations remain on Prompts.

Search

NodeStock valueCoverSell-throughAvailabilityAgeWorking capitalHealth
£4.3M
16.8 wks
74%
97%
82 d
£680K
Attention
£640K
14.2 wks
84%
95%
71 d
£48K
Watch
£820K
15.9 wks
77%
96%
78 d
£96K
Watch
£1.2M
17.1 wks
74%
97%
88 d
£112K
Watch
£5.6M
10.1 wks
102%
98%
58 d
Healthy
£6.9M
12.6 wks
88%
96%
74 d
£140K
Watch

Commercial impact

£480,000 of working capital is currently held in outdoor overhang.

Reducing cover to the category target releases cash before the autumn buy window opens on 5 August and protects full-price margin on the incoming range.

Executive actions

What to decide next

Ana's recommended next moves for this discipline.

Approve outdoor markdown wave

Move BBQ and garden furniture to a −25% first mark this week to release working capital before the autumn buy window.

Owner

Buying Director

Horizon

this week

Rebalance womenswear denim

Move sizes 8 and 10 into the eight lowest-availability locations to close the current stockout gap.

Owner

Merchandising Director

Horizon

this week

Commit replen on loyalty exclusives

Fast-moving loyalty lines are outperforming plan; place a mid-cycle replen buy to protect availability into August.

Owner

Buying Director

Horizon

next 14 days

Related

What lives behind Inventory

The canonical business objects surfaced through this discipline.