Good News For Holiday Shoppers

Good for us bad for retailers.

The holiday shopping season is finally here and there is some good new for Americans, but not quite so good for the retailers.

According to NBC, Multiple big-box stores are nervous about the fact that they may have too much inventory on hand this year thanks to the pandemic boom. This will likely result in stores reducing the prices on a number of items just to clear up space but it’s causing a big concern for them because they don’t know if the demand will be there for a lot products.

Now data has found that inventory levels among retailers such as Walmart, Target, Amazon and Best Buy are significantly higher this year. That’s because things are finally getting back to normal and the stay-at-home buying frenzy is ending.

Target’s chief financial officer Michael Fiddelke explained, “While we anticipated a highly promotional environment this fall, given the excess inventory we’ve been seeing across retail, this enhanced focus on promotions reflects an increasing level of stress on consumers as they navigate through multiple headwinds, including persistent inflation and rapidly rising interest rates.”