Department stores are at risk from an ‘unprecedented’ level of excess inventory, analysts say

Department stores, like Nordstrom Inc. JWN, -2.87%, Macy’s Inc. M, -1.96%,Kohl’s Corp. KSS, -8.79% and Dillard’s Inc. DDS, -6.30% are at risk from what analysts call an “unprecedented” amount of merchandise. “First, retailers significantly overestimated consumer demand when it made inventory decisions for 2022,” UBS analysts led by Jay Sole said. Read more at MarketWatch