No, not the ones that will adorn many dining tables on Thursday. But the "turkeys" lurking amidst your inventory. You know; non-selling, distressed, slow-moving, old, unappealing leftovers among your merchandise.
But this year, frankly, our worries extend beyond the turkeys.
Here are some of the reasons why.
- All the gloom and doom talk about the economy and recession continues, affecting consumer attitudes.
- With few pandemic or supply chain issues, many retailers have more-than-ample inventory this year, unlike the previous two years.
- Inflation is impossible to ignore, especially for those who drive cars or shop for groceries.
As a result, in this environment, consumers are scaling back their discretionary purchases, and/or choosing to spend on travel, dining out, or other experiences versus retail merchandise.
Not an upbeat prospect for retailers, is it?