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by Joe8Bit
2179 days ago
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Had limited experience of this while doing strategy work for a large UK fasion retailer. A significant proportion of items from a new range had been returned as faulty. When they investigated they realised a new factory they were using for this range had slipped a huge amount of bad items through the reatilers QA process. They ended up writing down the whole line and donating it to Oxfam/Redcross to be sold in their charity shops, very similar to Goodwill. It was 100,000's of items. They were already writing the goods down as a loss against their balance sheet and they managed to recoup a small percentage of that loss as a tax deduction for the charity donation. It didn't happen often, but it wasn't the first time they'd done it |
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