Lost Stock Sells Unsold Clothes Directly from Textile Factories
Grace Mahas — June 10, 2020 — Eco
References: retaildetail.eu
Lost Stock is a new UK initiative aimed at tackling waste in the fashion industry, an issue especially problematic during the COVID-19 pandemic which forced retailers to cancel orders. To ensure this appeal is not sent to landfills, Lost Stock is selling "surprise boxes" that come directly from the factories, made for well-known brands that were forced to cancel their orders, such as Topshop or C&A. Each surprise box includes three shirts based on your sizing preference.
The boxes are priced at 39 pounds each (including postage costs) and boast an estimated sales value of at least 70 pounds. In addition, Lost Stock is donating 40 % of the proceeds from the sale of the boxes directly to factory workers.
Image Credit: Shutterstock
The boxes are priced at 39 pounds each (including postage costs) and boast an estimated sales value of at least 70 pounds. In addition, Lost Stock is donating 40 % of the proceeds from the sale of the boxes directly to factory workers.
Image Credit: Shutterstock
Trend Themes
1. Surprise Boxes - The trend of selling surprise boxes directly from textile factories provides a new way to tackle waste in the fashion industry.
2. Unsold Clothes - The trend of selling unsold clothes from well-known brands offers an opportunity to reduce landfill waste and generate revenue.
3. Direct-to-consumer - The trend of selling clothing directly from factories to consumers disrupts traditional retail channels and provides value to both shoppers and factory workers.
Industry Implications
1. Fashion Retail - The fashion retail industry can benefit from embracing surprise boxes and selling unsold clothes as a way to reduce waste and increase sales.
2. Textile Manufacturing - Textile manufacturing industry can explore direct-to-consumer models and partnerships with initiatives like Lost Stock to address the challenge of canceled orders and minimize waste.
3. Social Impact - The social impact industry can leverage initiatives like Lost Stock to support factory workers and make a positive difference in supply chains.
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