“Walmart, Target and other major U.S. retailers are literally canceling billions of dollars in orders ahead of the coming holiday season,” Michael Snyder writes in The Economic Collapse Blog.
This makes absolutely zero sense.
Do these major retailers know something is about to go down?
The holiday season is typically the busiest time of year, and at this time in 2021 there were concerns the global supply chain couldn’t handle enough inventory.
It’s the opposite in 2022.
“All of a sudden major retailers are feverishly canceling orders, and this would only make sense if a severe economic downturn was imminent,” Snyder adds.
For example, Walmart admitted that it has canceled “billions of dollars in orders” as the upcoming holiday season approaches.
From Retail Wire: