🎯 Target Is Slashing Prices on Excess Inventory and Canceling Orders
Target Slashes Inventory
What’s going on at Target?
“Retail inventories are elevated,” Michael Fiddelke, Target’s chief financial officer, told The Associated Press in a phone interview. ”And they certainly are for us, in some of the categories that we misforecast. We determined that acting aggressively was the right way to continue to fuel the business.”
Target is canceling some orders
What about other retailers?
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