Retail markdowns could be coming as companies tackle excess inventory

Fox Business

A buildup of inventory across major retailers is cultivating a climate of markdowns, according to a new report. It started happening at a time when “consumers began curtailing spending and shifting away from discretionary categories,” according to a research note from the Telsey Advisory Group.

The good news is that companies are starting to throw out promotions in order to combat the excess inventory that they have accumulated, according to the Telsey Advisory Group.

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