Principal and Founder, izba | 🚚 Lover of Supply Chain & Startups | Swedish speaking Taco Aficionado 🌮 | American Expat
There’s a reason you never see Gucci or Armani on sale. These brands don’t believe in liquidating their luxury goods, so they’ll either sit on it or destroy it. Different businesses have a variety of ways to deal with inventory problems and depends on the size of your business and the amount of inventory. Here are your options: Returning the product Reselling the product Recycling the product Wasting the product It’s always interesting to ponder what retailers do with their excess inventory considering the large volumes and different scenarios they face with each product. #InventoryManagement #SupplyChainChallenges #InventoryIssues https://buff.ly/495oNcN
Will be interesting to see how younger up-and-coming shoppers, who are ethically and environmentally conscious, will react knowing of these brands practices.
I think it will always vary by category and business -- but I have to believe there is a channel play here that could prove beneficial & accretive to brands
Appreciation for posting!
Co-Founder at Nibble | Building the future of AI Negotiation
5moLet potential buyers make an offer on it ;)