The nation’s top retailers have watched their inventories significantly expand due to shipping delays caused by the COVID-19 pandemic.
According to a Bloomberg report , a 26% increase in inventories since last year has added up to $44.8 billion between S&P consumer indexes with a market value of at least $1 billion and reported earnings in the previous two weeks.
Target reported a 43% increase in inventory, Walmart reported a 32% increase, Macy’s reported a 17% increase, and Costco reported a 26% increase.These large retailers now face rising costs in storage fees or having to issue significant discounts to make room […]
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