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US retailers unload a glut of slow-moving inventory in Q2

An inventory glut and changing consumer priorities hurt retailers in Q2

Several months ago, a plague of empty shelves and out-of-stock online merchandise restricted shoppers. Now, retailers say they have a lot of inventory, but much of what they have isn’t in high demand anymore. According to second-quarter earnings reports, some of the nation’s largest retailers resorted to offering promotions to sell off all that slow-moving […]

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