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With another Thanksgiving concluded, retailers are gearing up for the most important time of year: the holiday shopping season. Walmart and Target, for example, are both awash in inventory, having overestimated the level of consumerdemand they expected to persist throughout 2022.
The retailer is currently leveraging its diverse sourcing network and an adaptable inventory strategy to mitigate tariffs, according to CFO Jill Timm. Dive Brief: Kohls is adjusting inventory strategies in light of tariff pressures and anticipated changes in consumerdemand, CFO Jill Timm told analysts during a May 29 earnings call.
The product that will be sold to the buyer is usually provided by a vendor. Companies are now adapting to the ever-changing nature of consumerdemand. The demand for new products is always increasing, and people get tired of their existing products quickly. The garment is then made in the next step, which is production.
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