Outlets and off-price retailers in China are seeing business boom as luxury brands pump excess inventory into the country at bargain basement prices. But the pandemic clearance strategy is a double-edged sword.

Brands and retailers are sitting on mountains of spring and summer collections that they need to clear in what will likely be the biggest markdown season ever.

As a decade-long build-up of bargain shopping culture is exacerbated by a rise in anti-consumerism, a glut in inventory and cash-strapped consumers looking to trade down or turn to off-price channels, brands must find inventive ways to reestablish value, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.

The luxury industry’s habit of destroying end-of-season leftovers is under threat, thanks to a consumer backlash and increasing government regulations. BoF uncovers the best solutions.

Destination discount shopping must evolve with the changing retail landscape in order to survive.

This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.

A new breed of urban outlets is creeping closer to city centres in pursuit of younger consumers and tourists.

"Factory outlets that have been a boon to retailers in recent years are starting to slow down, and it's hurting chains that had become overly