Inventory Overhang.....Sure sign of recession

[1srelluc]

“A lot of the companies we work with have seen inventories rise by about probably 25% to maybe 30% over the last four months,” said Stephen Bethel, head of Frazier Capital.

Warehouses are filling up and ports are backing up, according to Flexport. So what are retailers to do? Well, a lot of them are gritting their teeth and slashing prices.

Why retailers messed up their inventories so badly

Sure the labor market is tight and folks are spending.....But they are not spending on durable goods since the inflation of food/fuel costs have cut into that type of spending in a big way.

Remember when you could not find a refrigerator or washer/dryer.....There are shit tons of them around now.....Speedqueen is still backed-up though.

 

[BlindBoo]

If they raise the prices above what people are willing to pay..........

 

[JGalt]

In a related story, large retailers like Walmart, Target, and Kohl's are canceling billions of dollars in orders as Summer comes to an end.

Why Are Walmart And Other Major US Retailers Canceling Billions Of Dollars In Orders As Summer Comes To An End? | ZeroHedge

 

[TroglocratsRdumb]

Are you saying that Joe Biden lied about a recession?