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Panic at the Department Store? Not Yet, Despite High Inventory Ahead of Holiday

Despite industry concerns over bloated department-store inventories and categories selling poorly, there’s no indication yet that retailers have started panicking in the lead up to holiday sales. A Cowen & Co. research note Monday from John Kernan described inventory positioning within the U.S. wholesale channel as “challenged,” due largely to over-storing, tariffs, unseasonal weather, geo-political turmoil…

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