I read an article yesterday in the Wall Street Journal that said big discounts are headed our way. That would be some good news with gas over $5 a gallon and meat prices going through the roof.
In an article called Stores Have Too Much Stuff. Here’s Where They’re Slashing Prices, reporter Rachel Wolfe shares the good news that items that were popular during the pandemic and were hard to find because of supply chain issues are here two years later. The stores have too much inventory and we should expect “discounts like you’ve never seen before.”
“Retailers are getting ready to cut prices of goods that were popular during the pandemic. Expect ‘discounts like you’ve never seen before.”
The items most likely to be discounted according to the article are patio furniture and sofas — things that take up a lot of room in stores. Other items that will be slashed in price are the stay at home remote working wear like sweat pants.
Target, Walmart and Macy’s announced recently that they are starting to receive large shipments of outdoor furniture, loungewear and electronics everyone wanted, but couldn’t find, during the pandemic.
The problem for retailers—that these goods are delayed by almost two years—could be a windfall for those in the market for sweatpants or couches. Look for prices to start dropping around July 4, analysts say.
Retailer discounts are part of an effort to get shoppers interested in buying things again as Americans shift their spending to concerts, eating out, and travel they missed out on. Deep discounts are expected on oversize couches, appliances and patio furniture that are more expensive for companies to store in their warehouses, analysts say.https://www.wsj.com/articles/stores-have-too-much-stuff-heres-where-theyre-slashing-prices-11655170243?mod=life_work_featured_strip_pos3
With the stock market tumbling, inflation sky high and the possibility of recession on it’s way — I could use some good news. However, I don’t need any of those things.
What did you want to buy but couldn’t find during the pandemic? What do you think you’d like to buy at a discount?