Fashion brand, Louis Vuitton burns every unsold products at the end of every year to maintain exclusivity and high prices, If you come across discounted LV products, they are either fake or pre-loved.

Another reason LV destroys its’ unsold products is to prevent theft. If there was a stockpile of LV merchandise stored in a warehouse somewhere it would be a target for thieves – considering one bag can be worth multiple thousands of dollars, a warehouse full of merchandise would be extremely valuable and a definite target. So as a method of loss prevention, Louis Vuitton proactively destroys unsold merchandise.

This destruction method also prevents the over availability of Louise Vuitton products on the market. A product that is difficult to obtain becomes more valuable in the eyes of the customer and keeps the products been so out quickly when they do go back in stock. Scarcity is one of Louis Vuitton’s key marketing tactics to maintain high demand..

They don't take products from previous year to the next year, Louis Vuitton needs to remain rare and desirable. Therefore, instead of going for discounts, the brand burns the remaining unsold products at the end of the year

The first Nigerian to win the $300,000 Dan David Prize, history professor Saheed Aderinto, has received congratulations from the United States Mission in Nigeria. The Mission shared the news on its Facebook page on Monday, recognizing Aderinto's achievement as the largest financial reward for excellence in the historical discipline worldwide. Aderinto, who is also the Founding President of the Lagos Studies Association, teaches African and African Diaspora Studies at Florida International University.

DEPRESSION: CAUSES, SYMPTOMS, DIAGNOSIS, AND TREATMENTS-RANTWE | #health #lifestyle #rantwe #depression

Lifestyle and Health

DEPRESSION: CAUSES, SYMPTOMS, DIAGNOSIS, AND TREATMENTS-RANTWE

Depression is a mental health disorder that affects millions of people worldwide. It is characterized by persistent feelings of sadness, hopelessness, and a loss of interest or pleasure in activities that were once enjoyable.

How to write Job Application Letter | #education application letter cover letter rantwe

Education

How to write Job Application Letter

An application letter, also known as a cover letter, is a document that accompanies a job application. It serves as an introduction to your qualifications and provides the hiring manager with a glimpse of your personality, skills, and experience.

7 Ways Women Can Earn Passive Income Through Cryptocurrency | #eoonomy

Economics and Trade

7 Ways Women Can Earn Passive Income Through Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions and control the creation of new units.