Clothing Retailers Fighting a Tremendous Supply and Demand Imbalance
Worldwide, unsold clothing stockpiles are skyrocketing. In fact, McKinsey estimates that the worldwide supply of unsold clothing is valued at anywhere from $168-$192 billion, a staggering figure that’s around double the normal levels. This backlog was largely spurred by the COVID-19 pandemic, adding to the variety of stressors retailers are already trying to navigate as…
Hilary Kennedy·Mar 20, 2021
