This news from Target and WalMart last 2 weeks about their need to shed excess inventory due to shifting buying patterns tells us that these retailers can’t forecast changes in demand!

Amazingly, both of these mega-giants employ battalions of Data Scientists and millions of Data servers.The reality of a consumer who bought an extra pair of dumbbells and large computer screens to work out and work from home in lockdowns will not buy any of these for another 5-7 years!

Yet, both WalMart and Target failed to see a profound change in trend: they were still ordering more in-home merchandise as people wanted to break out and enjoy We call it a mean reversion – one of the most profound realities of life…WalMart and Target – I think you can do better!!

 

This news from Target and WalMart last 2 weeks about their need to shed excess inventory due to shifting buying patterns tells us that these retailers can’t forecast changes in demand!

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