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US Inventories thru March - April n May will be Horrific (Patreon)

Published:
2022-06-07 02:06:40
Imported:
2022-06

Content

This is a bad omen for retail.  There is no consumer confidence. 

I hope Jerome Powell sees this.  If he does he will definitely hit the brakes. 

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Comments

Anonymous

Won’t this help bring the inflation numbers down? Stores will need to lower prices to clear the inventory.

Anonymous

Target slashes prices to clear out huge inventory Target is canceling orders from suppliers, particularly for home goods and clothing, and it’s slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons. The actions, announced Tuesday, come after a pronounced spending shift by Americans, from investments in their homes to money spent on experiences like travel and nights out for dinner and other pre-pandemic routines. https://ktla.com/news/nationworld/target-cuts-prices-vendor-orders-to-clear-out-huge-inventory/