Trying to survive current price increases in housing costs, energy costs, electricity costs, food and fuel costs has forced consumers to reevaluate purchasing decisions. As consumer demand for non-essential items has collapsed, and as Americans dig deeper into their savings just to sustain current unavoidable expenses, major retailers are now cancelling Christmas inventory orders.
On one hand the leaders of large multinationals must pretend everything is splendid; after all, the only acceptable position they can articulate is to support interest rates being raised because demand is just too darned high. lololol… pretending. But on the other hand – those same retailers are furiously trying to calculate how to avoid being stuck with billions worth of unsold inventory.
RetailWire – Walmart, Target, Macy’s and Kohl’s are among retailers that have recently said they are canceling some orders to better balance inventory levels, a replay of a strategy used at the start of the pandemic.
Other steps retailers are using to clear inventories as spending has slowed on some non-discretionary categories are employing markdowns and packing away products for the following year. The elevated inventory levels also reflect intentional over-buying to mitigate shortages and the easing of supply chain constraints.
[…] Christina Hennington, Target’s EVP and chief growth officer, said steps being taken by the discounter’s buying team include “rigorously reforecasting expectations for the balance of the year and beyond and determining where to reduce future receipts and orders. In some cases, it meant working with vendor partners to reduce our fall receipts in light of our updated expectations. It also meant quickly building compelling promotional plans to drive unit velocity for product we already owned, all with a focus on providing great value and generating excitement for our guests.”
John David Rainey, Walmart’s EVP and CFO, said it had cleared most summer inventory, was reducing exposure in electronics, home and sporting goods, and canceled “billions of dollars in orders” to realign inventories. He said, “Our actions in Q3 will allow us to make significant progress toward rationalizing absolute levels and mix, which will enable our stores to be well positioned ahead of the holiday season.” (read more)
Well positioned Mr Beale. You must say we are “well positioned.”
Where “well positioned” means put loaves of bread and sausages where the flat screen televisions used to be located.
IF you read between the lines of what that megalomaniac was saying is he wasn’t ONLY preaching the power of the corporations but a SocialistMarxist society where”all men will serve a COMMON good and “all men will hold a stock”. Remember what Klaus Schwah of the WEF once said…”people WILL be shareholders”. Basically, it comes down to YOU will be controlled by the media, government and corporations. We’re living it…NOW!
i believe his comments were that the new system would serve and be run by ‘stakeholders’ not that people would be shareholders. stakeholders are governments, big tech, big banks, and big corporations
and not by ordinary citizens
I’m not.
Its really easy when you learn to say NO.
Howard Beal’s monologues are particularly poignant and the movie Network has been playing this month on the Movies channel. In particular, his final full monologue accurately describes the economic and societal landscape we are actually living through today.
“I’m mad as he11, and I’m not going to take it anymore!”
Every con with a voice should be angry. Clay and Buck who took over for the brilliant Rush, make some good points sometimes but they go off On tangents sometimes that are just plain silly….with ALL the doom that is staring us in the face. One slogan for the show is “where you will hear the truth and have fun!” That is all that matters to these pod casters, they laugh and make jokes because they love how they are making their money. The only real one that is not a grifter is LOU DOBBS. WE are the ones that are suffering, the rest are all making money off of our misery while the gop congress does NOTHING.
Everyone needs to get off the mental train that someone, somewhere represents us.
Not the government, the courts, the lawyers, the military,the alphabetic agencies, the media or entertainment. Even some churches have abandoned us.
We are now alone.
But we are very, very big. It’s time to do it ourselves.
Put on the full armor of God, kids. Things need us to gettr’ done.
To Lookup,
Ephesians 6:10-18!
Love that passage! We are here now living in this moment because our God, The Great I Am, knew we would be here and He is with us! What an incredible time to be alive! But there is so much to be done, in no other time in history has the Gospel been preached to so many. Keep the prayers and the faith strong.
Keep Looking Up, Your redemption is drawing near ( paraphrased) Luke 21:28. 🙏❤️
“On one hand the leaders of large multinationals must pretend everything is splendid…”
Look at the front page of the Wall Street Journal for a class-leading example.
Its a stellar example of the art. I always somehow feel like everything is OK when I skim it.
Only Ford and FedEx have dared to tell the truth before the election.
There is soooo much going on here reflecting the bad recession we are in already and yet it’s being put off until after the election.
And then with Republicans in charge, will be blamed on them.
I can help the retailers out. Want to get rid of excess inventory, let’s have another George Floyd summer. Big insurance write off.
It’s taken just a decade and a half for the idiots in DC to destroy the world. Minus, of course, the four years PDJT was in office.
“O Lord, how long must I call for help before you will listen? I shout to you in vain; there is no answer. “Help! Murder!” I cry, but no one comes to save. Must I forever see this sin and sadness all around me? Wherever I look I see oppression and bribery and men who love to argue and to fight. The law is not enforced, and there is no justice given in the courts, for the wicked far outnumber the righteous, and bribes and trickery prevail. =============The Lord replied: “Look, and be amazed! You will be astounded at what I am about to do! For I am going to do something in your own lifetime that you will have to see to believe.” ~ Habakuk 2-9
Bless you Barbara, for sharing the hope we have in our Lord and Savior!
You are the body of Christ. You stand in the King’s court. Issue the order with your own mouth and it will be done. Every demon flees in the name of the Lord.
I was about to think all of this was planned by some rich globalists until I came to my senses and realized it was all Putin’s fault.
Too funny, they supported it all… They deserve what is coming to them.
Biden’s brain is down to about 15 watts but they’re using stimulant drugs to keep him talking. He’s not deciding anything. Soon to be brain dead and no more use than the VP.
Corruption in politics and corporations need secrets and lies to thrive. That’s how we got here. Remove the corruption and expose the secrets and lies to make these problems evaporate. We must organize; time is very short!