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Department stores are at risk from an 'unprecedented' level of excess inventory, analysts say

·1 min read
Department stores are at risk from an 'unprecedented' level of excess inventory, analysts say
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Department stores, like Nordstrom Inc. , Macy's Inc. , Kohl's Corp. and Dillard's Inc. are at risk from what analysts call an "unprecedented" amount of merchandise. "First, retailers significantly overestimated consumer demand when it made inventory decisions for 2022," UBS analysts led by Jay Sole said. "Second, consumer tastes have changed in a way which has surprised retailers. The consumer wants more 'dressy' items and less activewear. Thus, retailers are carrying not only too many goods, bu