by AD ➕follow (1) 💰tip ignore
Comments 1 - 8 of 8 Search these comments
I was reading on ZeroHedge about Walmart and Target reporting a spike in inventory to sales ratio. I wonder if this is due to theft.
ad saysI was reading on ZeroHedge about Walmart and Target reporting a spike in inventory to sales ratio. I wonder if this is due to theft.
It's because we're headed into (likely are already in) a recession and people are out of money to spend. What is ominous is companies like Target, Walmart, Ross, etc., which traditionally get more business during downturns aren't this time.
https://www.zerohedge.com/economics/bloated-inventories-hit-walmart-target-and-other-retailers-profits-trucking-demand
And on page 2 of ZeroHedge, it is reported Amazon and Walmart have too many workers and layoffs may be next, if not a reduction in work hours.
https://www.zerohedge.com/markets/after-scrounging-labor-during-pandemic-amazon-and-walmart-now-have-too-many-workers
And on page 2 of ZeroHedge, it looks like Amazon is trying to get rid of excess real estate or warehouse space :-/
https://www.zerohedge.com/markets/amazon-seeks-offload-10-million-square-feet-warehouse-space