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Business: Retail sales could return soon

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Shoppers, take your mark. We may finally see the return of clearance sales and great deals as retailers struggle with a surge of inventory. Ahead of last holiday season, retailers ordered with plenty of cushion in mind to prevent empty store shelves. Now, a so-called bullwhip effect may be in play. Based on comments from retailers including Kohl’s, Target, Ross Stores, Walmart and Burlington Stores, expect to see big sales soon on apparel, makeup, home appliances and furniture.

The Senate has voted against a motion to proceed on a $48 billion aid package aimed at restaurants, gyms, minor league sports teams and other businesses still hurting from the pandemic. There were 52 votes in favor and 43 against, in a measure of how U.S. lawmakers are leery of some spending as Americans deal with high inflation. There needed to be 60 votes to end debate and advance the aid package to a separate vote on its passage.