This New Tool Wants To Make The Off-Price Clothing Business Easier
Negotiating sales of excess inventory into the "off-price" market hadn't changed since the Excel spreadsheet came out.
In the apparel world, the term "off-price" is used for excess inventory in fashion outlets and other lower-price retail stores. Brands sell their excess inventory to buyers, negotiating discounts and conditions that make the off-price market complex. But the last real innovation to keep track of those negotiations was the humble Excel spreadsheet, introduced decades ago. Startup INTURN released a cloud-based SaaS solution in April 2015 to bring the off-price apparel market into the 21st century, and with a $9.7 million fundraising round back in January, INTURN is set to keep growing.
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