Crying wolf about 'waste'
When it comes to retail, even the most respectable media sources struggle to provide meaningful information. Fox Business lamented about Burberry destroying U$37 million worth of merchandise last year, "sparking concerns about wasteful practices". They conveniently failed to mention that annual turnover of Burberry is around U$3.6 billion, so this was a mere 1% of sales. They didn't comment as to what portion of the destroyed stock related to faulty goods and returns that couldn't be re-sold either. Furthermore, Burberry probably lost more than U$37 million due to 'shrinkage' caused by staff, customers and suppliers. We can't see how plucking an isolated number from a financial report, and then building a story around it, could be helpful to anyone.