Clothing retailer statistics
To determine the amount of unsold inventory (clothing only) for H&M and the Zara clothing line; identify available statistics on Fartech, Asos, and Boozt - such as the space inventory in square meters
, number of units/SKU's
, and return rates
; and obtain useful insights on how fashion is consumed in France and the UK.
Available Stats on Fartech, Asos, and Boozt
Fartech's itself does not own or keep any inventory. It helps connect consumers to their favorite brands and boutiques. It grossed $910 million in sales in 2018. It also doesn't disclose its rate of returns or cancellations. Asos racked in sales worth $2.94 billion in 2018, growing 26% year-on-year. Asos does not disclose its return rates but industry experts place this figure to be between between 25% and 70%. It recently had to issue a policy reform to crack down on "wear and return" customers due to the high rate of return transactions initiated by its consumers. Boozt in its annual report disclosed that it generated a total of $288.4 million in 2018. The rates of returns remained stable at 40%. It also disclosed that it currently holds an inventory of about 4 million items.
Proposed next steps:
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Given the scope of the requested project, we focused on determining the value of unsold inventory for H&M and the Zara clothing line as well as identified some useful statistics on the number of units/SKU's processed by each brand and their respective rates of return. We can pursue and provide information on how fashion is consumed in France and the UK in additional research. Please feel free to include any aspect of the fashion styles of these countries you are particularly interested in knowing more about.
We could also dig deeper to uncover additional stats on the three brands, Fartech, Asos, and Boozt covering all other statistics that could not be identified in the preliminary research such as the space inventory in square meters, number of units/SKU's, and return rates.