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Shoppers aren't looking for sweatpants anymore. Many retailers, including Macy's, Gap, and Walmart, are dealing with excessive inventory of pandemic-era items like casual clothing and home goods. Ongoing supply chain struggles led some retailers to place inventory orders early and left them with goods shoppers no longer want or need.
To deal, some companies are price-slashing items, selling goods to discount stores like T.J. Maxx, and packing inventory for sale at a later, more relevant date. There's a lesson for businesses to take away from this supply-demand shift: Consumers may be trying to put the pandemic behind them. Read on for the latest advice on what to do with an overstock of items customers no longer want. |
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