Are Major Retailers Conspiring?
99percent reports that major retailers are flashing a huge red flag, many cutting back on billions of dollars in inventory orders, seemingly all at the same time. Do they know something the public doesn’t? Does this portend a looming recession?
Meanwhile, employees at delivery service industry giants, FedEx and UPS, are experiencing protests and massive strikes in advance of the holidays. 99Percent says the CEO of FedEx was even quoted as saying he fears a major recession. Are retailers conspiring to inflate prices, or are they protecting their bottom line? Here’s more with 99Percent.