[Bill Bumface]

https://www.mlive.com/news/2022/06/t...bits-drop.html

Target said yesterday it will reduce prices and cancel orders in order to reduce an excessive amount of inventory.

Retailers are finding that American pandemic-related spending habits are declining much faster than they had anticipated. Last month, Target reported its fiscal first quarter profit fell by 52% as compared to the same period last year.

According to The Associated Press, “Sales of big TVs and small kitchen appliances that Americans loaded up on during the pandemic have faded, leaving Target with a bloated inventory that it said must be marked down to sell.”