331–340 of 894 posts
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Luxury brands do in fact intentionally destroy old stock to make sure their value doesn't drop due to excess supply. I suppose the next step is making everything extremely limited like hypercars?
However hypercars are not purposely limited. It takes an enormous amount of time and labor to build them unlike a handbag where the limit is artificial to sell more.
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If they knew in advance that the clothing wouldn't sell, they would never have made it! But companies stockpile goods in anticipation of potential demand. For example, they'll "overproduce" winter coats because some winters are colder than average. This sort of anti-overproduction law means that the next time there's an unexpected need -- for example an unusually cold winter -- there will be a shortage because there…
Could they overproduce and keep unsold stock for next winter, and if unsold stock gets too high, stop producing more until it reduces?
Every business decision is a tradeoff. Smart government interventions in the economy add weight to that tradeoff to reflect externalities not otherwise accounted for; this is how cap-and-trade on SO2 emissions works. Hamfisted government interventions set hard and fast rules that ignore tradeoffs and lead to unintended consequences.
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This kind of reply is so cliché it's tiresome. "Someone makes small step to avoid waste and environmental damage" -> "if it's not perfect it's no good at all, let the free market sort it out at t=infinity". Guess what, the free market doesn't give a shit as long as the executives make their millions.
Where even are all the people wandering around naked for lack of clothes? There's so much donated clothing already out there. And the homeless here mainly 'need clothes' because they have no way to wash their clothes. It'd be less wasteful to get them access to laundry facilities. And the developing world always gets the "PATRIOTS - Super Bowl LX Champions" gear and a ton of other cast-offs - I doubt they need more.…
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> ... the vendor tells them to go the manufacturer... Maybe this is the problem. Retailers should cover the statutory warranty on any product they sell.
What do you mean, 'statutory warranty'? At least in the US, aside from a few specific circumstances (door to door sales for example with a '3 day cool off' period) there is no mandatory return policy or timeline.
A major store sold me an expensive item that didn't work, and the store's return policy didn't cover it, so the store said file a warranty claim with the manufacturer. I just did a credit card charge back instead, because the store has to sell me something that works.
If for whatever reason the credit card charge back didn't work, I could use the store in (small claims) court and win.
AI: "The implied warranty of merchantability is a legal guarantee that a product will function as expected for its ordinary purpose, such as a toaster toasting bread. It is automatically applied to most consumer goods sold by merchants and does not need to be in writing."
In the first dot-com era, I knew some startup people who were trying to create an online secondary market in used apparel, called Tradeweave. It flopped. You can see their web site on the Internet Archive up to 2004.[1] Then, suddenly, it's gone. There's a Stanford Business School case for this company.[2] Amusingly, the Stanford case study is dated 2000, before the collapse, and makes it sound like a success.
[1] https://web.archive.org/web/20040323045929/http://tradeweave...
[2] https://www.gsb.stanford.edu/faculty-research/case-studies/t...
I'm reading the comments and I get confused. I kinda think this is a good idea and it is not like the government is purely making it a 3rd party problem only. This might make production more complicated for a while, but nowadays it is much easier to predict demand and produce quicker in smaller batches. In the 90s you might need change a whole factory setting for every single piece of fabric but nowadays it is that m…
> Here, we don't have winter, fall or anything anymore. In my inland US east coast hometown there’s been a big shift in winters. It used to be that it consistently got quite cold after late September to mid October, winters consistently came with several feet of snow, and spring hadn’t fully arrived until well into April. For the past several years winter has almost disappeared — many years there’s almost no snow and…
I'm reading the comments and I get confused. I kinda think this is a good idea and it is not like the government is purely making it a 3rd party problem only. This might make production more complicated for a while, but nowadays it is much easier to predict demand and produce quicker in smaller batches. In the 90s you might need change a whole factory setting for every single piece of fabric but nowadays it is that m…
Apparel firms exist not to clothe people as common sense would suggest but to make a profit, and this practice of erring on the side of overproduction is more profitable than under production. The perfect solution would be to produce exactly the number of goods they will sell, but forecasts aren't perfect so they overproduce. Firms are already incentivised by profit to not waste, so this adds another incentive and re…
This is not only clothing and apparel, also sporting goods and many other items.
This should be forbidden across all industries. Unsold stock should be delivered to non-profits at no cost for further distribution.
If you can't prove that you either sold or transfer to non-profit an item you manufactured then you should be fined for each unaccounted item proportionally to their market price.
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If companies are taking raw materials worth more than zero, and turning them into clothing worth less than zero, then I think deterring them from doing that is beneficial to society overall.
What about cases where 2 pieces of clothing when bundled together have value due to making it more efficient for people to find the right size, but over the right size is found the other becomes waste? A company can't prevent a consumer from ruining the wasted clothes.
> A company can't prevent a consumer from ruining the wasted clothes.
When a consumer ruins clothing during try on he needs to buy it. I have always expected that rule to be the same everywhere.
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Apparel firms exist not to clothe people as common sense would suggest but to make a profit, and this practice of erring on the side of overproduction is more profitable than under production. The perfect solution would be to produce exactly the number of goods they will sell, but forecasts aren't perfect so they overproduce. Firms are already incentivised by profit to not waste, so this adds another incentive and re…
How will apparel be cheaper? When they lower production runs, it'll be less available, which will mean prices will go up.