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  "documentTitle": "The State of Fashion 2025",
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      "text": "The fashion industry produced between an estimated 2.5 billion and 5 billion items of excess stock in 2023, worth between $70 billion and $140 billion in sales. The average share of fashion brands' assortments on discount increased 5 percentage points in the first half of 2024 compared to the year prior. The Ecodesign for Sustainable Products Regulation will require brands in the EU to report on the management of excess stock in 2025 and will make it illegal to destroy unsold products in 2026.",
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      "text": "Break down silos across the value chain, collaborating through fact-based root cause analysis and shifting the cultural mindset to foster cross-functional decision making. Incentivise inventory excellence across teams by aligning organisational KPIs and shifting to a dynamic approach to inventory management. Leverage technology-enabled tools that marry data between retail functions and are closer to the realities of demand, involving suppliers where possible.",
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      "text": "excess stock value: $140 billion",
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      "text": "Inventory remains a challenge for the industry with both excess stock and stocks-outs impacting brands. In 2025, margin pressures and sustainability regulation will place greater emphasis on end-to-end planning excellence, with brands increasingly adopting tech tools and adjusting their operating model to support agile supply chains.",
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      "text": "09. Inventory Excellence",
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