At the Economist Sustainability Summit, a trio of fashion execs with a focus on sustainability showed just how much the fashion sector is committed to reducing its footprint and working for 100% circularity.
Who What Wear UK has announced a new partnership with peer-to-peer wardrobe rental platform, Hurr Collective, “a disruptive platform that allows women to share and monetise their wardrobes, by renting and not buying.”
According to ThredUp’s 2019 Resale Report, the secondhand apparel market has been growing 21 times faster than retail apparel over the last three years and is on track to be larger than fast fashion by 2028.
Chinese consumers may be switching more of their luxury spend to the domestic market at the moment, but some of their fellow Asia-Pacific consumers proved key to luxe spending in Europe’s major retail cities in Q4.
Burberry is one of several brands launching checkout on Instagram after seeing its pioneering B Series initiative, which releases limited-edition products on popular social media networks, prove a massive success.
Chinese consumers were behind a third of all luxury spend globally last year, but more of their cash is being splashed out at home rather than in the world’s key shopping cities, the latest Bain luxury report said.
It may seem like Mike Ashley has enough on his hands at the moment, between running House of Fraser, his Debenhams ambitions, and the other chains he has acquired. But it seems he's also interested in buying LK Bennett.