Why last-season leftovers may get a second shot at Gap and Kohl's | CNN Business

Retailers are trying the same tactic. Here’s the deal: Gap and Kohl’s, among others, are stuck with a glut of extra clothes that they can’t sell at current prices and don’t have a ton of space for. They’re overstocked. But rather than slashing prices to try to move the inventory, they’re just going to try again next year. It’s a strategy known as “pack and hold.” (Though I might call it “pack and hold and pray customers don’t catch wise.”)Gap, for one, is stashing summer styles that didn’t sell in 2022 and hoping to try again next year. Kohl’s is holding on to an extra $82 million worth of

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