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Capitalism: Products destruction
  • Vitaliy_KiselevVitaliy_Kiselev

    The upmarket label has destroyed more than £28 million of unwanted products over the past year. Even at its notoriously high prices, that is the equivalent of more than 20,000 of its signature trench coats.

    The company’s ability to read the fashion runes also appears to be worsening, with the value of its waste up 50 per cent in two years and almost six times greater than in 2013. More than £90 million of Burberry products have been destroyed over the past five years.

    https://www.thetimes.co.uk/article/luxury-brands-burning-stock-worth-millions-zxxscjcmj

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  • jleojleo

    Cheaper clothing, but bigger unsold surplus

    H&M, a Fashion Giant, Has a Problem: $4.3 Billion in Unsold Clothes

    Foot traffic in the past year fell as customers eschewed crowded shop floors in favor of online shopping, or lower-cost offerings elsewhere, a challenge hitting a wide array of “fast fashion” retailers. On Tuesday, the company said the pile of unsold stock had grown 7 percent in the past year and was now worth nearly 35 billion Swedish kronor.

    https://www.nytimes.com/2018/03/27/business/hm-clothes-stock-sales.html

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