Retailers have a lot of unwanted inventory
May 20, 2022
Retailers that stocked up due to pandemic-related supply chain challenges are finding that customers don’t want to buy much of what they have to sell. Chains including Kohl’s, Target and Walmart report high inventory levels, and discounters such as Burlington and Ross Stores say they are finding deals as brands and retailers look to move closeout merchandise.
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.