
74 Fast fashion systems:Theories and applications
(2000) has shown that a buyback contract, which gives the retailer the right to return
the items left over at the end of the season to the supplier at a properly chosen return
price, can coordinate the system.
Some recent contributions to the literature on quick response retail operations
include Caro and Martinez-de-Albeniz (2010) which studies the competition between
a traditional (slow response) single-order retailer and a fast fashion retailer which has
quick response capability allowing a second order with short lead time. Caro and
Martinez-de-Albeniz (2010) assume that stockouts at a store cause ...