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Specialty Retail Faces Several ‘Grim’ Months of Moving Stale Merch, Fighting for Margins

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Specialty retailers saddled with mountains of inventory could need as much as six months to clear through this stale merchandise—and competitive dynamics are likely to dictate just how deep product-moving promotions will go when retail reopens. And that’s not all, according to UBS U.S. softlines analyst Jay Sole, who expects retailers will match their peers…

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