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How retailers should deal with stale inventory from store closures

Chanel handbags and earrings on Gilt offer the brand an way to push old inventory Image credit: Gilt Chanel handbags and earrings on Gilt offer the brand a way to push old inventory. Image credit: Gilt

 

As retailers worldwide were hit by COVID-19-induced lockdowns and store closures, inventory that was left on the shop floor grew more stale by the day.