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CEO’s New Scheme Salvages $24M in Nixed Bangladesh Product

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

As canceled orders from Western retailers lead to a mounting surplus of clothing in Bangladesh, one Edinburgh businessman is rolling out a new venture to nip that excess inventory in the bud. Called “Lost Stock,” the scheme allows consumers to purchase a 35-pound ($43) “blind” box filled with 70 pounds ($85) worth of clothes based…

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