Inflation is causing inventory issues for major brands. Supply chain hold-ups during the early months of the COVID-19 pandemic put nearly every brand in a tight spot. But now, with deliveries back on time, inflation is the next issue keeping them from distributing at their ideal pace. As consumers pull back on their spending, brands are forced to offer deep discounts in order to push merchandise out and make space for new products. Brands like Macy’s, Footlocker, and Nike are all experiencing issues centered on excess inventory that can make planning for 2024 difficult—but many remain hopeful because inflation is far more predictable than the challenges presented by pandemic supply chain issues. (Glossy)
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