Delivering Good President & CEO and Group President of Retail at Michael Kors discuss sustainability in retail industry. Topics include distributing $3 billion worth of goods, the role of brand partners, clothing waste solutions, Women of Impact Summit, and the impact of Michael Cora's work.
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Quick takeaways
Receiving excess new merchandise from brand partners is crucial for Delivering Good to meet the high demand and distribute it to individuals and families affected by social challenges.
The retail and fashion industry is facing difficulties in North America, but certain regions like Europe and Asia are experiencing better growth and activity.
Deep dives
Demand for Delivering Good's Services and the Need for Merchandise
Delivering Good, a non-profit organization, connects retailers and manufacturers in the retail and fashion industry with communities in need. The demand for their services remains high, with various social issues like poverty, homelessness, and workforce reentry requiring assistance. However, one of the challenges they face is obtaining enough merchandise to meet this demand. They emphasize the importance of receiving excess new merchandise from their brand partners, as it allows them to distribute it to individuals and families affected by social challenges.
The Retail and Fashion Industry During Challenging Economic Times
The retail and fashion industry is currently facing difficulties, particularly in North America, due to a challenging economic climate and consumer sentiment. Recession concerns, nervous consumers, and the transition from spending on goods to services and experiences contribute to the tricky landscape. However, they note that certain regions like Europe and Asia are experiencing better growth and activity. Furthermore, the industry heavily relies on creating demand through innovative and fashionable products to incentivize customers.
Delivering Good: A Sustainable Solution for Excess Inventory
Delivering Good provides a sustainable solution for excess inventory in the retail and fashion industry. By partnering with retailers and manufacturers, they ensure that excess new merchandise does not end up in landfills. Instead, it is distributed to people affected by poverty, disaster, and other social challenges, promoting dignity and self-esteem. The organization's role is to connect brand partners with more than 800 community partners, who work tirelessly to distribute the goods to communities in need across the United States. The aim is to prioritize responsible and impactful distribution of merchandise.
Delivering Good President & CEO Matthew Fasciano and Jaryn Bloom, Group President of Retail at Michael Kors, discuss sustainability and social impact in the retail industry. Hosts: Carol Massar and Matt Miller: Paul Brennan.