Do they know something that they aren’t telling us? As you will see below, Walmart, Target and other major U.S. retailers are literally canceling billions of dollars in orders ahead of the coming holiday season. I have never heard of such a thing happening before, and under normal conditions it wouldn’t make any sense at all. The holiday season is typically the busiest time of the year for retailers, and at this time in 2021 there was actually a great deal of concern that there wouldn’t be enough inventory due to global supply chain problems. But now everything has changed. All of a sudden major retailers are feverishly canceling orders, and this would only make sense if a severe economic downturn was imminent.
For example, Walmart is admitting that it has canceled “billions of dollars in orders” as we approach the upcoming holiday season…
John David Rainey, Walmart’s EVP and CFO, said it had cleared most summer inventory, was reducing exposure in electronics, home and sporting goods, and canceled “billions of dollars in orders” to realign inventories. He said, “Our actions in Q3 will allow us to make significant progress toward rationalizing absolute levels and mix, which will enable our stores to be well positioned ahead of the holiday season.”
It is extremely odd that Walmart would decide to do such a thing.
Recently I had an opportunity to stroll through a Walmart, and there were plenty of inventory holes.
So what would make them suddenly cancel “billions of dollars” in orders that they thought that they were going to need for the holiday season?
Perhaps some enterprising reporter will be willing to ask them such a question.
Meanwhile, we just learned that Target has also canceled “more than $1.5 billion” in orders…
Because Americans are Broke Thanks to Biden !!!!
No need for orders > Noone to buy anything !!!!!
Are you not paying attention they will again attempt to steal the election this time the most likely will be some form of attack due to the influx of terrorists via open borders… prior to the election of course or Maybe a false flag white supremacy revolution BS…(they will allow this too happen as usual )..so expect on some form of election INTEFERENCE AGAIN!!. Based on the luciferian tell based on this article info? I’d say they plan to cancelling Christmas this year. remember they all talk in secret, symbols, logos, the lodges, secret handshakes and good old CYA buddy system….all hail satan!
They are doing the right thing. With the Fed raising credit rates, my CC companies have increased mine by more than 2 points. Those who do not carry a balance won’t have a problem. But MANY people do carry a balance and new interest payments will cause them to spend less. Just as the government wanted. Not really a big surprise that retailers expect les spending.
Things are going to get much worse than they are right now. Everyone will have to cut way back on spending for Christmas this year and I think the retailers know that. Credit card companies will love it but you know the interest rates are going up again, so be mighty careful with careless spending on those cards,. You will be paying dearly for a really long time.
Drive behind any local Walmart…the storage containers have been their for months, loaded with merchandise. Those typically don’t show until a few weeks before Black Friday. There were rumors these same retailers were considering not accepting any returns, and instead offering the refund but wanted the customer to keep the item they were returning because they have no room for them. The shipments that were ordered months ago are starting to show up. Prices are going to start dropping due to having too much inventory on hand and demand being so low.
Keep dreaming 9:48
The retailers know people won’t have the money this year with electric, fuel oil, and gas prices for home heating going through the roof.
By Christmas, we will all be doing well to buy milk, bread and toilet paper.