US store stockpiles could cause massive price discounts

NEW YORK CITY, New York: After recently scrambling to restock shelves amidst product shortages, major U.S. retailers have said that their stores now have too much merchandise, and some stores have begun discounting prices on unsold goods.

This move is a sign of possible issues for retailers due to soaring inflation and higher energy prices. Many now have a surplus of merchandise, driving up costs.

Costco