• Home
  • Tags
  • unsold goods

unsold goods news and archive

Fashion

Infographic: the extent of overproduction in the fashion industry

The fashion industry clearly has a problem with overproduction. In March, fast fashion powerhouse H&M reported to be sitting on a pile of no less than 4.3 billion US dollars worth of unsold inventory. A few months later, UK luxury label Burberry received backlash for reportedly destroying finished products worth 28.6 million pounds...

loading...

Business |INTERVIEW Featured

Elevated Layers: tackling excess stock with influencer marketing

Unsold inventory is a big issue for luxury fashion labels. While affordable and mid-range brands can make use of discounts and sales to try to get rid of excess stock, luxury brands avoid using this strategy out of fear of harming their image of exclusivity. British label Burberry has recently come under fire for burning millions of dollars...

loading...