Best & Less, along with many other retailers, are using a strategy of increasing their inventory holdings in preparation for a flood of customers once restrictions due to Covid ease. Retailers are building up inventory as supply chain issues and higher shipping costs have the potential to cripple retailers.
Best and Less have 245 stores in Australia and New Zealand and recently became a publicly listed company in June. Chief Executive Rodney Orrock has a positive view of the companies future despite the lockdowns plaguing the country. Orrock believes that they will experience one of the biggest Christmases for retailers this year and is hopeful that stores will reopen in October in the largest markets, New South Wales and Victoria.
Best & Less was previously owned by a private equity group, Allegro Funds. It was then listed in June and is expected to meet it’s prospectus target provided lock downs are eased in the coming months.
One of their key product lines are kids clothes which are one of their reliable performers because kids outgrow their clothes quickly so their parents continue to spend.
With the constant lockdowns Best & Less are concentrating their efforts in improving their online platform to ensure an easy and intuitive experience for it’s buyers.
To save when you shop at Best and Less, use a Best and Less coupon code to save.