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Organisations and industries are facing increasing pressure to reduce their environmental impact. Apparel retailers in particular are feeling the scrutiny as they currently send around £140 million worth of wearable clothes to UK landfills each year, according to Clothes Aid. What’s more, consumers are likely to spend more money with their favourite retailers if those retailers have an environmentally conscious way of dealing with returned and excess stock.
And now, faced with an ever-increasing influx of excess and returned stock, retailers are under ever more pressure to find an economical and sustainable channel for the goods. By doing so, retailers will be able to preserve their brand image, recoup losses on excess stock and help to protect the planet.
Within the last few months, Big Lots, Channel Control Merchants, and American Freight have each announced bankruptcy. The immediate future looks different for each of these organizations, and while these developments were somewhat expected to those in the know, they’re…