Cyclo3pss Corp
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Company profile

Cyclo3pss Corporation is engaged in designing, manufacturing, assembling, sale and installation of ozone application technologies and processes. The Company's principal technology provides an alternative to address food safety and sanitation concerns, healthcare sanitizing, and laundry disinfection and efficiency. The Company’s products include Ster-O3-Zone, Eco Wash and Eco Pure products. Ster-O3-Zone is a medical sterilizer which includes a series of products developed for the medical and pharmaceutical industries. Eco Wash is a laundry equipment which serves the customers in hotel, nursing home and institutional markets. Eco Pure works in projects applying ozone to the sanitizing of turkey, beef, and pork carcasses, as well as brine used in cured meat products.

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Volume
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Here's what the big inventory problem for retailers looks like

2:08 pm ET August 20, 2022 (MarketWatch)
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By Tomi Kilgore

Inventory-sales ratio for general merchandise stores spike to 15-year high

One of the biggest challenges retailers are facing is an excess of inventory, brought on by a change in consumer spending habits as they grapple with historically high inflation and a slowing economy.

Kohl's Corp. (KSS) Chief Executive Michelle Gass said Thursday, following a disappointing earnings report, that the department store chain has dealt with "difficult retail environments in the past." She may be right, but recent economic data shows that the current inventory situation is unlike anything seen in 15 years.

Also read: Here's why Target was willing to pay so much to sell off excess inventory.

This is depicted in the following chart of the ratio of retail inventories to sales for general merchandise stores through June, from the Federal Reserve Economic Database (FRED), using U.S. Census Bureau data.

The chart shows inventories divided by monthly sales on a seasonally adjusted basis. The latest reading of 1.61 for June, which is the highest since April 2007, means it would take 1.6 months at the current sales rate to deplete inventory.

This is likely what Target Corp. (TGT) and Walmart Inc. (WMT) were seeing when they warned earlier this year that profits would take a hit as they took quick and early action, such as cutting prices, to get rid of excess inventory. And note that those two retail giants saw inventory growth slow in the latest quarter, while some other retailers saw inventory growth accelerate.

Here is what some of the retailers that have reported earnings in the past week are seeing in terms of inventory growth:

-Tomi Kilgore

	

(END) Dow Jones Newswires

August 20, 2022 14:08 ET (18:08 GMT)

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