I read something the other day that I thought was quite simple however very profound. The apparel start-up Everlane, for instance, is betting that it may possibly capitalize on consumer backlash to retailers’ ever more vaguely underhanded techniques. The corporate spells out the price of making every of its merchandise and the revenue it earns on each. Not too long ago it informed clients that the cost of cashmere from Internal Mongolia had dropped. It was dropping the price of its cashmere sweaters by $25, as a result of they now cost much less to make. Radical transparency,” Everlane founder and CEO Michael Preysman calls the strategy.
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