Five seconds after we all agreed the inventory shortage is here for a bit, the retail goods industry had to act out. Big box stores like Target, Walmart, and Best Buy have announced promotions on surplus big-ticket items. Despite a “supply chain crisis”, some companies have too much stuff?
Companies limited promotions during the pandemic because customers were willing to pay full price for things while quarantined. The high demand and easy sales have softened, leading to over-ordering that companies are now looking to offload with minimum losses.