Leading Manchester Home Textiles Supplier, Portfolio Home, is reporting positive stock positions on its Home & Gift products through what has been a challenging trading period due to the impact of the pandemic and Brexit.
Recent news reports have provided dire warnings about product scarcities and empty shelves due to chronic heavy goods vehicle driver shortages; increased manufacturer costs in raw materials and shipping delays which have caused disruption amongst retailers. Despite these difficulties, Portfolio Home is reporting deliveries and stocks as normal.
Paul Callan, Managing Director commented: “Unfortunately, there are unavoidable tribulations in the industry and there will be some retailers that will become casualties of product and delivery shortages this Christmas.” According to Portfolio Home, savvy retailers are already starting to ramp up their supplies ensuring they have stock in place for the festive season - one the most important trading times of retail commercial calendar.
This year, consumers spend will not simply focus on which retailer has products are suited to their tastes but which retailers are keeping the shelves stocked with products. “At Portfolio Home, we’ve sourced products from across the globe and have strong supply chains to ensure we have readily available seasonal stock for retailers irrespective of the challenges within the industry. We have forecasted stock levels and short lead times which is benefiting our retail customers during these difficult times.”
With expected inflation rises and the cost of living squeezing consumer spend, the availability of products is expected to be a key focus for retailers. “All retail buyers that stock any variety of indoor living products should now be looking at their suppliers and questioning the stock available products in a period where traditionally, consumers are willing to spend more” concluded Paul.
Portfolio Home recommends that all retail buyers should contact suppliers to ensure they have available stock and a contingency plan to ensure they are not missing out on sales at a time when traditionally, consumers are willing to spend more on products.