Due to overstock in inventory Walmart, Target and others are canceling billions of dollars’ worth in orders

Revelations 18:23 ‘For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • Walmart and other retailers are canceling billions of dollars in orders
  • Walmart, Target, Macy’s and Kohl’s are among retailers that have recently said they are canceling some orders to better balance inventory levels
  • One risk of canceling orders is straining or damaging relationships with trading partners.
  • John David Rainey, Walmart’s EVP and CFO, said it had cleared most summer inventory, was reducing exposure in electronics, home and sporting goods, and canceled “billions of dollars in orders” to realign inventories.
  • Target’s EVP and chief growth officer, said steps being taken by the discounter’s buying team include “rigorously reforecasting expectations for the balance of the year and beyond and determining where to reduce future receipts and orders.

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One thought on “Due to overstock in inventory Walmart, Target and others are canceling billions of dollars’ worth in orders

  1. My name is Debra Renee Michael, daughter of Yeshua Messiah.
    I am from Phoenix Az, and have lived here all my life being 63 years of age. Since a child I always knew I would be alive at the coming of the Lord, and I believe his return is nigh and at hand. I’m writing to tell a dream that God gave me when I was 20 years old. I was in the middle of the Sahara Desert setting by a fire burning that was surrounded by telephone polls, it was dark and I was all alone, and could not see anything but sand and I was thinking I need to try and find a way out of here, and while looking which way I might go I knew that if I got away from the fire I would be lost and might not make it out of there alive. And as I was looking in the east a light appeared and I started walking towards it but then realized if I got to far away from the fire I might loose my way. So I stopped and kept my eye on the light and it kept coming closer and closer and as it reached me I knew that it was not just a light but it was the Lord my God, and the light I saw was not a light but a robe of righteousness burning brightly that our Lord was wearing and the closer he got to me I noticed how dingy and yellow and spotted my garment was. I cried aloud, Lord when will I receive my white robe? He said to me, it’s yet for a time appointed, you have much to learn, and we sat down and he taught me out of his word. As he arose to go I said Lord don’t leave me here and he said I will return for you. Washed in the Word!

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