South Africa, July 21 -- Every year, the global fashion industry produces an estimated 80-150 billion garments, yet between 20-60 billion items remain unsold. Traditionally, excess inventory has been heavily discounted, diverted into secondary markets or, in some cases, destroyed-eroding margins and damaging brand value.

For retailers and fashion brands alike, inventory management has evolved into a commercial imperative.

This is the opportunity Faro believes it has captured.

Operating at the intersection of surplus inventory, premium fashion brands and increasingly price-sensitive consumers, the South African retailer is building a business model that addresses one of the fashion industry's fastest-growing challenges while offering sh...