Major retailers like Walmart, Amazon and Target have a toy glut this holiday season.
Shoppers can expect deep discounts not only toys this year—but also on furniture, electronics and small kitchen appliances, as stores look to pare back their inventories and appeal to shoppers disillusioned by inflation.
Retailers, bracing for last-minute shoppers, are also extending discounts through Christmas and onto lower price point items, The Wall Street Journal reports.
That means that there could still be some toys remaining on the shelves after Christmas that, potentially, could be discounted further.
Deals will be plentiful for shoppers. Even as retailers’ profits suffer.
“People are waiting for deals—and they’re going to wait to the last minute,” says MGA Entertainment Chief Executive Isaac Larian. “I think Christmas will happen again for toy shopping during the last 10 days” of the shopping season.
Read more at Newsmax.com