Remember just this past holiday season when supply chain issues were causing customers and retailers alike to panic that Christmas trees would be barren? Well, the supply shortages of 2021 have given way to a supply surplus through the first third of 2022 as retailers who ordered a plethora of inventory to keep shelves stocked through the shortage now have more product than they know what to do with.
According to earnings reports released by Walmart and Target earlier this week, the retail behemoths saw a respective year-over-year rise in inventory of 32 percent and 43 percent over Q1 of 2022. Much of this excess inventory is in the basic apparel, home appliances and furniture categories. Moreover, with consumers becoming more and more stingy as a result of increasing pressure from rising inflation, retailers do not have an obvious channel to offload this surplus at premium prices. This dynamic has led to high turnover rates with retailers such as Walmart replacing inventory roughly 8.5 times over the last fiscal year.Â
In other news, LG has just unveiled its new HU915QE CineBeam 4K laser ultra-short-throw projector, which can project images up to 120 inches with 3,700 ANSI lumens of brightness from just seven inches away. The HU915QE CineBeam 4K laser UST projector is currently available for pre-order from B&H photo for $6,000 and is expected to go on the market by the end of June.
WHAT WE’RE READING….
Qualcomm Ushers In The Wireless Metaverse With A New AR Smart Viewer
Naim And Focal Unveil New System At Munich To Celebrate 10 Years Together
Canada Joins Five Eyes Allies in Banning Huawei and ZTE 5G Telecom Gear
Kohl’s Says Final Bids Coming Soon
Mercedes-AMG Unveils Concept for Its First Sports EV
