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Ethical fashion label Arnsdorf has announced it will close down and has commenced a sale with markdowns to run out its inventory. ” Arnott founded Arnsdorf in 2006 and established a following across Australia, North America, and Europe. . Arnott temporarily closed the company in 2012 and relaunched it in 2016.
Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. From 1999 to 2006, he was Co-founder and CEO of figleaves.com , which was sold to N.Brown in 2010. The ability to walk a store and observe customers made diagnosing performance more about experience than detailed analysis.
Now popular online fashion retailers began to popup with ASOS launching in 2000, Boohoo and Fashion Nova launching in 2006 and Shein launching in 2008. If you can’t move all of the inventory then markdowns are required which eats into sales per sq. Large stores are inherently risky. and ultimately profitability.
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