That was after writing off $39 million in excess inventory for the quarter.

Several companies in the industry have recently reported losses and excess inventory.

But right now the Japanese are sitting on $4.6 billion of excess inventory.

Some companies have anywhere from seven to nine months' excess inventory.

The model attempts to avoid excess inventory and its associated costs.

"Not many people want to publish how much excess inventory they have."

The company cut prices to try to clear out excess inventory.

"I don't know a single designer in the world who hasn't had excess inventory."

A. I'm not so sure excess inventory is still such a great idea.

"They're going to have to come out with something to get rid of their excess inventory," he said.