Forget Tariffs. Why Inventories Are a Threat to Retail Stocks. - Barron's
1. Retail inventories rise, potentially exceeding sales growth in 2024. 2. Past spikes in inventory led to margin declines for retailers. 3. Consumer spending needs to stay strong to mitigate inventory risks. 4. Tariffs and rising costs could further squeeze profit margins. 5. Walmart's stock suffered in 2022 due to inventory management issues.