I can't speak for Walmart and Target, but the COVID supply chain disruptions caused my business and likely many others to over-invest in inventory because it ta

I can't speak for Walmart and Target, but the COVID supply chain disruptions caused my business and likely many others to over-invest in inventory because it takes longer to restock, and the inventory will sell at slimmer margins because I paid 2X+ the normal shipping rate to get it to the destination country. Many businesses are sitting on large amounts of inventory that can barely be sold at a profit. Now discretionary income is dropping, meaning demand and price points will fall. We have too much landed inventory we paid too much for and less people spending less to buy it. It's not pretty.