This isn’t surprising. It’s already been known that because of Covid, a lot of retailers over ordered since no one could buy anything last year. Now the economy is in a recession, they have a glut of supply. Several newspapers have also mentioned that as the economy worsen, you will see more products go on sale as a result[1].

[1]https://www.forbes.com/sites/gregpetro/2022/10/07/retail-inv...