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U.S. retailers' ballooning inventories set stage for deep discounts
01 June 2022
Public

NEW YORK, May 27 (Reuters) - Major U.S. retailers that recently scrambled to restock shelves amid product shortages disclosed this week that their stores are now packed with too much merchandise, and some are even doing what was unthinkable just a few months ago: discounting unsold goods.

It's a sign of possible more trouble to come for retailers amid soaring inflation and higher gas prices. With shoppers' tastes quickly shifting, many retailers now find themselves with a surplus of merchandise, driving up costs.

View more at https://www.reuters.com/markets/us/us-retailers-ballooning-inventories-set-stage-deep-discounts-2022-05-27/

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