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Retailers are worried that inflation and fear of a potential recession will impact holiday spending.
Target, Walmart and others have struggled to keep up with changes in consumer buying and have had to predict demand further in advance.
The chain has benefited from ’90s fashion trends, a good supply chain and looking outside of malls, says Elizabeth Segran of Fast Company.
Retail sales rose in June, yet inflation is still a factor in how and where people are willing to spend.
The retailer says it’s part of an effort to keep prices low for customers. That can be hard to do in the long term.
With rising prices, ongoing supply chain issues and the wrong inventory, it’s a rough time to be a big-box store.
Americans sent back $760 billion worth of stuff last year. Now higher shipping costs and rising returns are hurting companies’ bottom lines.
Wholesale inventories were up in April. But now, some stores have too much inventory while others struggle to get the inventory they need.
As inflation hits and consumers abandon pandemic spending habits, Target and others have the wrong kind of stuff on their hands.
Business is up at a North Carolina shop, but managing inventory and costs are headaches.