Disruption in Retail -- AI, Machine Learning & Big Data

Fashion is a glamorous business. British fashion house Burberry recently sparked a massive outcry after burning £28 million of excess stock (as listed in its annual report), continuing a "brand protection" practice associated with other fashion labels like Louis Vuitton and Chanel. Far from protecting Burberry's brand, this backlash could not have come at a worse time for the label. The industry is already under intense scrutiny for years of unethical practices. In addition, fashion houses have to contend with changing tastes and shopping habits.