Luxury Daily
World’s leading luxury business publication
July 11, 2020
  1. Fendi expands digital boundary with debut of first TikTok official channel
  2. Global wealthy begin shift to sustainable investing with pandemic overhang
  3. Day's wrap: Fendi, Gucci, China's Qeelin, Saks Fifth Avenue and wines and spirits ecommerce
  4. Saks Fifth Avenue debuts $200-$600 meal kits for New York’s wealthy
  5. Gucci debuts new playful take on idea of imitation with Accidental Influencer project
  6. Dior promotes summer skincare in pastoral pitch for country living
  7. How to create a more equitable and diverse work environment
  8. Fendi, Gucci, China's Qeelin, Saks Fifth Avenue and wines and spirits ecommerce
  9. Kering’s Qeelin jewelry brand is symbol of China’s growing pride for domestic champions
  10. Careste, eyeing market opportunity, goes with zero-inventory, DTC model for sustainable fashionwear
The News and Intelligence You Need on Luxury

Subscribe now to get full access for less than $1 per day

Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

Retail

Luxury retailers’ overstock practices draw environmental scrutiny

July 31, 2018

Burbery has destroyed $38 million worth of finished goods. Image credit: Burberry.

 

By Sarah Ramirez

As brands and consumers alike increasingly prioritize strong sustainability practices, some luxury retailers are coming under fire for destroying unsold goods.

To read the entire article, please subscribe or
 
LATEST HEADLINES
MOST POPULAR
  1. Fendi expands digital boundary with debut of first TikTok official channel
  2. Global wealthy begin shift to sustainable investing with pandemic overhang
  3. Day's wrap: Fendi, Gucci, China's Qeelin, Saks Fifth Avenue and wines and spirits ecommerce
  4. Saks Fifth Avenue debuts $200-$600 meal kits for New York’s wealthy
  5. Gucci debuts new playful take on idea of imitation with Accidental Influencer project
  6. Dior promotes summer skincare in pastoral pitch for country living
  7. How to create a more equitable and diverse work environment
  8. Fendi, Gucci, China's Qeelin, Saks Fifth Avenue and wines and spirits ecommerce
  9. Kering’s Qeelin jewelry brand is symbol of China’s growing pride for domestic champions
  10. Careste, eyeing market opportunity, goes with zero-inventory, DTC model for sustainable fashionwear
VIDEOS
More Videos

MORE IN Retail
How can beauty brands leverage an increasingly commercial Weibo?
Saks Fifth Avenue debuts $200-$600 meal kits for New York’s wealthy
Luxury market recoveries: South Korea versus China
US luxury is well positioned to recover post-crisis: Coresight
5 consumer segments will shape demand post-pandemic, with shift in values: EY
Is drop retail the next step in the digital transformation of beauty brands?



RECENT ARTICLES
Day’s wrap: Amazon, Josie Maran, Bentley, Louis Vuitton and Careste
Josie Maran cosmetics trademark case tests strategy of controlling branded product sales on Amazon
Bentley further digitizes operations with online configurator for Bentayga

Careste, eyeing market opportunity, goes with zero-inventory, DTC model for sustainable fashionwear
Global wealthy begin shift to sustainable investing with pandemic overhang
How to create a more equitable and diverse work environment