Whoops!! Bidenomics Kills Retailers

The "adults" in Charge have screwed Big Retail.

...According to a Bloomberg report, a 26% increase in inventories since last year has added up to $44.8 billion between S&P consumer indexes with a market value of at least $1 billion and reported earnings in the previous two weeks. 

Target reported a 43% increase in inventory, Walmart reported a 32% increase, Macy’s reported a 17% increase, and Costco reported a 26% increase.

These large retailers now face rising costs in storage fees or having to issue significant discounts to make room for more inventory....

Note that Target and WallyWorld sell to the lower-middle to lower-classes;  Macy's and Costco sell to middle- and upper-middle classes.

The price of gasoline and food hits the Target/WallyWorld customer a lot harder.  Wait until they get their heating bills this winter.