Lost Stock is offering shoppers boxes of clothes from the high street’s biggest fashion retailers at half the retail price in a bid to help manufacturers left out of pocket by the lockdown.
The newly launched company is selling £35 boxes of clothes containing at least three fashion items which would have been part of high street retailers spring-summer collections.
As the lockdown hit, forcing retailers to close and seeing fashion sales plummet, manufacturers in Bangladesh were left with piles of unsold clothes and without a way to pay their workers.
“If our workers don’t die of Coronavirus, they’ll die of starvation.” – A manufacturer told us this, and it sparked our mission.
— Lost Stock (@loststock_) May 17, 2020
Arcadia brands, including Topshop and Dorothy Perkins, alongside Edinburgh Woollen Mill and Primark are thought to have suspended £2.4 billion in orders from factories in the country.
It is estimated that £10 billion worth of clothing has been left unsold in warehouses during the lockdown, leaving tens of thousands of factory workers on the brink of starvation.
Lost Stock’s boxes, which contain clothes with a recommended retail price of at least £70, aims to cut out the middleman and allow shoppers to buy directly from manufacturers.
According to Lost Stock’s founder Cally Russell, 40 per cent of the proceeds of each box go directly to Bangladeshi workers via a non-profit organisation.
Each box is reportedly enough to feed a Bangladeshi family for a week.
Customers will be asked their age, size, gender and colour preferences and will be send a box of assorted clothes within a few weeks.
The specific retailers the clothes were intended for have not been released and the labels will be removed from the clothes before they’re posted.
It has now sold over 75,000 boxes and hopes to support 10,000 workers over the coming weeks, and 50,000 by the end of the year.
“A lot of people like buying clothes, but at the moment some of them don’t want to buy clothes as they feel guilty,” Russell said.
“People love the fact they don’t know what’s in the box, someone said to me today they feel like they have bought their future self a present.”