The world’s largest fashion retailer is selling girls clothing at a staggering loss and is trying to raise $1.7 million to buy back clothes that are no longer being sold.
The clothing giant, L’Oreal, says it’s on track to meet the target but has received no official word on the status of its campaign.
The company says it is “not able to comment on individual campaigns or individual campaigns to a large extent”.
The company said it had already sold out of many of its stockings and dresses, and has sold out nearly all of its bags.
It also announced a new campaign to support female workers in the retail industry, which has been hugely popular with shoppers.
“This year, we have sold out about 95 per cent of the products in our stores,” the company said.
“The most recent data is that the company is selling about 1.2 million items a day.”
“We are currently sold out in all of our stores and our sales team are on standby to quickly deliver our next batch of stockings, dresses and bags,” the retailer said in a statement.
“We continue to see great results from the campaign and are in a position to deliver the full volume of stock in the near future.”
“In 2016, we sold almost 1.6 million items to our customers,” L’Oréal’s chief executive, Philippe Starck, said in his company’s annual results presentation.
“In the past few weeks, we are selling out of some of our most popular clothing and accessories.”
The retailer has also been working with fashion retailers and charities to encourage shoppers to donate to the cause of the “Rainbow Childrens’ Foundation”.
It has also set up a website and a dedicated Twitter account.
L’ORÉAL said it will provide its customers with more information on the campaign as soon as it becomes available.
“L’Orléal will continue to be committed to helping our Rainbow Childrens Fund to help more girls grow up in a better place,” Mr Starck said.
“We are proud of the work that has been done in helping the Rainbow Children’s Foundation to achieve its goal of raising $1 million in the last two years, and are thrilled to see our campaign delivering the desired results.”
L’ORéal is currently selling out a large portion of its products in its stores.
“L’Oblique, a global leader in the fashion industry, is on track for the most profitable year ever, according to analysts at PwC.
The company is on pace to meet its target of $1 billion by the end of the year, but is hoping to break even by the time it ends the year with the amount it has raised so far.
LONDON-based L’Occitane is trying its hand at an international campaign to help women who have experienced domestic violence and to get them off the streets.
The brand is now selling more than 70 per cent fewer dresses and sweaters than in 2016.
In a statement, Lola said it was “on track to deliver more than $2.5 million in savings by the middle of 2018”.
The Rainbow Family Foundation has also helped with the sale of clothing to a new group of women in India. “
The Rainbow Families’ Fund is a global movement that brings together survivors, advocates, women’s rights advocates and other organisations to help victims of domestic violence, to help with the implementation of the UN Convention on the Rights of the Child, to support the transition of survivors to jobs and to give support to the community.”
The Rainbow Family Foundation has also helped with the sale of clothing to a new group of women in India.
The charity said it sold about 500,000 items in its first few days of operation.
According to the charity, about 1,500 women have been sold the items it is selling and it plans to continue to help the charity.
A spokeswoman for Lola’s parent company, LVMH, said it could not comment on specific campaigns but added: “We’re delighted to be able to help to support L’Os campaigns that have a strong, passionate and committed fan base and we hope to continue selling their products to more than 1.5 billion people by the year’s end.”
“This is an exciting time for LVMh,” she added.
Australia’s LVMHA is also investing heavily in a campaign that it says will help “succeed women who struggle to achieve employment”.
LVMHA’s president, Richard Pinder, said the company would invest $5 million to increase its reach and “strengthen the Rainbow Family’s ability to reach more women”.
Australia has the third highest number of women living in poverty among developed countries, according the World Bank.
Its government is spending