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Retailers across the board are encountering massive overages in inventory carrying this year, up more than 40% vs 2021 in many cases.
Home Improvement expenditure growth to peak in Q3 of this year at 19.6%, and then decelerate to a 15.1% growth rate in Q1 2023.
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The giant furnishings retailer saw net sales decline nearly $500 million during Q1 as new customer acquisition stalls
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