Everything from swimsuits to sofas is on sale

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Everything from swimsuits to sofas is on sale

Shoppers, enjoy the good side to supply chain disruptions.

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Finally, inventory woes have flipped to consumers’ advantage. The spring and summer seasons are seeing discounts on clothing, accessories, home goods, and furniture.

Retailers who have been dealing with supply chain issues for more then two years now have a problem: They have too large inventory. Americans are becoming more cautious about major purchases.

In this economy, nothing seems to be in sync. NPD Group said Thursday that consumer demand in May and June has become less predictable than what retailers and manufacturers became accustomed to during the first two years of the pandemic, and now 83% of consumers say they’re planning spending changes.

Consumer sentiment has been declining with rising inflation, and, according to The University of Michigan monthly survey, inflation is dampening consumers’ decisions to purchase durable goods and big-ticket items such as appliances, electronics and furniture.

“As higher prices become harder to avoid, consumers may feel no choice but to adjust their spending patterns, whether through substitution of goods or forgoing purchases altogether,”Joanne Hsu is the chief economist for the University of Michigan’s survey of consumers.

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Retailers are trying to persuade people to buy their products.

Home Depot is offering 25% off select appliances, up to $750 discount

Weir’s Furniture Village is having an “Inventory Overstock Sale” and is bringing back its semi-annual sales later this year for the first time in 2.5 years, said Dirk Smith, senior vice president of operations at Weir’s, a family-owned and -operated retailer with four local stores.

Sunnyland Outdoor Living didn’t hold any sales promotions in 2021 “because we couldn’t keep merchandise in stock,”Brad Schweig was vice president of operations. The local retailer has a full warehouse and has stores in Dallas, Frisco, and Houston. It’s discounting earlier than normal to make room for new goods scheduled to arrive in the fall and early winter.

Likewise at Nebraska Furniture Mart. “We are in a stronger in-stock inventory position than this time last year,”Andy Shefsky (spokesman for NFM) stated that NFM is receiving more goods this summer.

To avoid empty shelves, retailers of all sizes, including Target and Walmart, took delivery last year of more goods. This continued until the start of this year, but by then, pandemic shopping trends were changing. However, the demand for overseas factories had slowed down and they reopened.

“We’re seeing discounts I wouldn’t expect this time of year,”Julie Ramhold, a consumer analyst at Dealnews who tracks discounts, said that she is not at pre-pandemic levels yet. The volume of deals isn’t at pre-pandemic levels yet, but discount offers are back after a noticeable hiatus last year, she said. Wayfair’s 70% off Memorial Day sale applied to way more items than last year, she said.

The stay-at-home lifestyle made it hard for everything water-related, such as Adirondack chairs, to be found in 2020 and 2021. Paddleboards are not only in stock now but were broadly discounted at Scheels in The Colony and featured Tuesday on Amazon’s Treasure Truck.

“We have a ton of paddleboard options — inflatables, rigid, all price points, colors and all the accessories like paddles and life jackets that we couldn’t keep in stock last year,” said Ian Jagodzinski, manager of Scheels’ camping and outdoor department. He stated that the goods started arriving in February, March, and that they continue to arrive.

Walmart has reduced some swimwear by 40%, while Target offers a buy one, get one offer on swimsuits. “which is something you might see after Labor Day but not the day after the official start of summer,”Ramhold stated.

J. Crew and Talbots offer layering discounts on already reduced products, and American Eagle Outfitters announced that all jeans and shorts are half off.

Michelle Wlazlo is J.C. Penney’s chief merchandising officers and said that the retailer is preparing for back-to-school with on-time deliveries. That’s been the case since spring after the Plano-based retailer moved up design and production timelines, she said, and Penney has resumed its regular seasonal markdowns and discounts.

Most consider back-to-school shopping the necessary kind of spending, and it’s one of the categories where consumers are still spending, according to NPD Group, a market research firm.

Retailers should brace for more competition for consumers’ dollars from things like summer vacations, concerts, sporting events and other service-based spending, said Marshal Cohen, chief retail industry adviser for NPD.

Customers who are looking for affordable ways to travel have mentioned higher gas prices and increased airfares. “to create a staycation in their own backyards,” Sunnyland’s Schweig said.

He said that even though late shipments are still coming in manufacturers are asking retailers for orders now for spring 2023.

It is the furniture industry’s version of the term “the”. “catch-up effect”Smith stated that there will be a reopening of factories and inventory showing up all around the world. “We don’t want to leave our manufacturing partners with a lot of raw materials.”

Weir’s had a record year in 2021 by keeping bestsellers in stock and continuing to order during the pandemic, he said. “We knew at the end of this, we would still be standing.”

The spring and summer seasons are a great time to get discounts on clothing, accessories, furniture, and other home goods.


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