You may have noticed retailers such as Nordstrom, Macy’s and Kohl's have overstocked shelves. This could be a deal shoppers dream of as pre-holiday sales could be on the way!
What is happening:
To course correct, Macy's, for example, said it's "taking the required markdowns to clear aged inventory, in seasonal goods, private brand merchandise and pandemic-related categories, such as active, casual sportswear, sleepwear, and soft home."
What's to come:
With too much product and not enough foot traffic, brands may be incentivized to slash prices.
While no major markdowns have been announced -- yet -- price cuts across many product categories could spring up in the coming weeks. And with holiday shopping on the way, it will be a great time to score great deals.
If you don't want to wait, you can check out these sales happening right now:
Kohl's is offering an extra 20% off online and in-store during the Friends and Family sale happening now.
Save an extra 25% off all purchases as Macy's right now.