Black Friday Sale 2022: Blowout Bargains Smell Musty This Year
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Black Friday Sale 2022: The shopping holiday will see record online discounts on everything from air fryers to tablets.
Your Black Friday bargain is most likely spring's leftover sweatpants.American retailers have too much stock of everything from toys to women's casual tops. While the markdowns will be welcomed by many cash-strapped shoppers, the holiday deals underline companies' struggle to work through bloated inventories pressuring their profits. To recap: In 2021, supply-chain snarls left stores scrambling to fill empty shelves. Black Friday deals were stuck in the Pacific. As orders slowly made their way from Asia in the early part of this year, consumers started to rein in spending amid soaring inflation, only buying things they needed (e.g., food) and giving up splurg...