Why Are Walmart And Other Major US Retailers Canceling Billions Of Dollars In Orders As Summer Comes To An End?

Do they know something that they aren’t telling us?  As you will see below, Walmart, Target and other major U.S. retailers are literally canceling billions of dollars in orders ahead of the coming holiday season.  I have never heard of such a thing happening before, and under normal conditions it wouldn’t make any sense at all.  The holiday season is typically the busiest time of the year for retailers, and at this time in 2021 there was actually a great deal of concern that there wouldn’t be enough inventory due to global supply chain problems.  But now everything has changed.  All of a sudden major retailers are feverishly canceling orders, and this would only make sense if a severe economic downturn was imminent.”

https://www.zerohedge.com/personal-finance/why-are-walmart-and-other-major-us-retailers-canceling-billions-dollars-orders

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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