RECESSION? BITE YOUR TONGUE. Nike will offer major discounts on shoes, apparel following a report of excess product. “Consumers who are sick of the ongoing impacts of inflation are soon to experience a bit of relief following an announcement from Nike which plans to liquidate some of its products following a recent flood of inventory. . . . Nike wants to get rid of excess products sitting on its shelves and fast. Many sneakerheads have noted a variety of Jordan shoes and other Nike shoes that normally sell out quickly, collecting dust on shelves. Photos of these normally highly sought after shoes were posted on social media in an attempt to show the impacts of the ongoing economic downturn.”
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