3 ms·
This is true of lots of retail, including clothing too. And many of these companies take on a lot of debt because the cash flows mistakingly seem predictable an
by mathattack 6y ago
This is true of lots of retail, including clothing too. And many of these companies take on a lot of debt because the cash flows mistakingly seem predictable and stable. Until they’re not.
The best bet for many of these types of firms is to improve processes and systems to shorten the cycle time. (Think lean manufacturing like Toyota)
- divbzero 6y ago> The best bet for many of these types of firms is to improve processes and systems to shorten the cycle time. In clothing retail, Inditex (Zara) [1] is an excellent example of achieving success through shortened cycle time. [1]: https://en.wikipedia.org/wiki/Inditex https://en.wikipedia.org/wiki/Inditex
- ezconnect 6y agoThey actually have technical term for it and it's called fast fashion. This is a summarize take on it https://www.youtube.com/watch?v=xGF3ObOBbac https://www.youtube.com/watch?v=xGF3ObOBbac
- WalterBright 6y agoI've been buying the exact same jeans for 25 years now. (Did have to go up a size!)