In the wake of supply chain issues over the past year, many retailers are sitting on excessive inventories, and they hope to move as much of it as possible for the holiday shopping season.
In recent weeks, executives at Best Buy, Ulta, Macy’s, and other top chains have said they expect a holiday shopping season packed with discounts. Last week, Walmart released its annual top toy list and confirmed it was offering more “rollbacks” — temporary price reductions on items — than they have in previous years, including a wider variety of toys for less than $50 and $25.
Shoppers will also find discounts on clothing, televisions, beauty products, sporting goods, and other items. The glut of stockpiled inventory sitting in warehouses is driving prices down, which will likely serve to support strong retail sales numbers in the months ahead.