4 ms·
Not always true. Some companies will rather destroy product rather than undercut themselves (it's a conscious strategy, especially for luxury items). https://t
by GFischer 8y ago
Not always true. Some companies will rather destroy product rather than undercut themselves (it's a conscious strategy, especially for luxury items).
https://theoutline.com/post/2602/clothing-companies-are-trashing-unsold-merchandise-instead-of-donating-it?zd=1&zi=7gyrfcho https://theoutline.com/post/2602/clothing-companies-are-tras...
http://www.slate.com/blogs/xx_factor/2010/01/07/why_hm_destroys_unsold_clothes.html http://www.slate.com/blogs/xx_factor/2010/01/07/why_hm_destr...
I guess that's why some of those startups that tried to create an "exclusive" outlet prospered (Gilt Groupe, Vente Privee).