The governments and the European Parliament need to agree on the Ecodesign Regulation before it can enter law. Under the initial March 2022 proposal by the European Commission, the Commission itself was to have determined at a later stage whether to put destruction bans in place.https://www.reuters.com/world/europe/eu-countries-back-ban-destruction-unsold-textiles-2023-05-22/
Category Archives: retail
The Verdict On Decentraland Metaverse Fashion Week 2023
The second edition of Decentraland‘s Metaverse Fashion Week (MVFW) came to a close last week. With over 60 brands and partnerships in the lineup, significant audience engagement, and a mission to overcome the previous year’s technical issues, expectations soared.https://jingdaily.com/decentraland-metaverse-fashion-week-2023-verdict/
The State of Fashion 2023: Holding onto growth as global clouds gather (McKinsey)
The fashion market, excluding the luxury sector, will struggle to deliver significant growth in 2023. McKinsey analysis of fashion forecasts projects relatively slow sales growth of between –2 and +3 percent, weighed down by a contraction in the European market (expected to shrink between 1 and 4 percent) (exhibit). China and the United States are expected to fare better, growing between 2 and 7 percent and between 1 and 6 percent, respectively. These forecasts are reflective of inflation and are calculated in local currencies, meaning that the real impact for the sector could be more negative than these figures suggest.https://www.mckinsey.com/industries/retail/our-insights/state-of-fashion
Freitag’s Sweat-Yourself-Shop is a tiny factory for making bags
Swiss brand Freitag has created a shop in Zurich, which is a “micro-factory” where customers can help make their own bag out of recycled tarpaulins.
Named Sweat-Yourself-Shop, the interactive retail space on Grüngasse was designed by Freitag to take their existing customisation options one step further.https://www.dezeen.com/2020/10/31/sweat-yourself-shop-recycling-freitag-interiors-zurich/
How Vulnerable Is LVMH?
While LVMH isn’t universally adored, it is broadly respected. Efforts by the group’s brands like Louis Vuitton and Dior to become more culturally relevant, particularly among young consumers, hardly hurt: Today, for every social media post and protest placard denouncing the mega-rich, there are just as many venerating their lifestyle and offering tips for how to attain it. Plenty of French people are proud that Europe’s biggest company, and the world’s richest person, are French.
Should the winds of policy ever really swing against rising inequality, LVMH will, of course, be a prime target no matter how many times they’ve opened their ateliers. But the days feel like a distant memory when, in 2011, a leading French newspaper put Arnault on its cover with the phrase “Casse toi, riche con” (politely translated as “Get lost, rich jerk”) or when François Ruffin made a national hit with his 2015 documentary “Merci, Patron!” (“Thank, Boss!”) — a political satire that featured hidden-camera footage of LVMH fixers attempting to buy off a disgruntled former worker and pressuring left-wing activists.https://www.businessoffashion.com/briefings/luxury/how-vulnerable-is-lvmh/?utm_source=newsletter_professional_thisweek&utm_medium=email&utm_campaign=This_Week_In_Fashion_140423&utm_term=NOQSPKAL6RAPTLIYH32735FBG4&utm_content=top_story_title
The Problem of Abundance
“I’ve become obsessed,” Thompson wrote, “with a policy agenda that is focused on solving our national problem of scarcity.” His solution boiled down to abundance—increasing the supply of doctors, nurses, homes, infrastructure, nuclear energy, and so forth. Thompson, who as a moderate liberal is a scarce commodity all by himself, proposed a number of policy fixes he felt certain would lead us to abundance and thus repair all that is broken with the country.https://www.thefp.com/p/the-problem-of-abundance?utm_source=substack&utm_medium=email
The Fashion Jobs Most Vulnerable to AI
Levi’s bumpy launch almost perfectly encapsulates the ethical and business questions many companies must tackle as the newest waves of artificial intelligence — most notably ChatGPT, a chatbot that can answer questions, write essays and even compose songs — gain momentum. AI’s proponents argue the technology can be a powerful tool to help brands cut costs, stay competitive and enhance the creativity and output of their teams. But there’s a darker scenario where companies bluntly employ AI as a one-to-one replacement for humans — veering into a whole host of ethical challenges while trading off many of the benefits of human creativity.https://www.businessoffashion.com/articles/workplace-talent/the-fashion-jobs-most-vulnerable-to-ai/?lid=7d2hnyzntgs9&utm_source=braze_marketing&utm_medium=email&utm_campaign=Weekly_Insights_Partners_Recurring_Education&utm_content=Top_Story
How Brands Are Selling Quiet Luxury to the Masses
Call it “quiet luxury,” “stealth wealth,” or the most blunt, “low-key rich bitch,” the trend is perhaps best encapsulated by the phrase “if you know, you know.” It’s a pair of navy trousers, a white button-down or a cashmere coat, but made from the finest fabrics, in carefully-crafted cuts, sold at an eye-popping price. It’s Gwyneth Paltrow’s sleek, unfussy courtroom outfits, like a simple black skirt and sweater that just happens to be Prada, or the head-to-toe neutral ensembles from The Row that Cate Blanchett wore in the film Tàr.https://www.businessoffashion.com/articles/marketing-pr/how-brands-are-selling-quiet-luxury-to-the-masses/?utm_source=newsletter_dailydigest&utm_medium=email&utm_campaign=Daily_Digest_060423&utm_content=intro
Urban Outfitters Sees a $1 Billion Business in Taking On Rent the Runway
The company debuted Nuuly in 2019 to jump into clothing rental, which took off as a category last decade thanks to startups such as Rent the Runway. The pitch to women was easy—spend about $90 a month on a subscription to keep your wardrobe fresh, slash your dry cleaning bill and feel better about your carbon footprint. (The apparel industry is one of the biggest producers of carbon emissions.)https://www.bloomberg.com/features/2023-nuuly-urban-outfitters-clothing-rental/?srnd=premium
URL To IRL And Back Again: How Digital Fabric Twins Are Defining Fashion’s New Trajectories
For fashion to work, creative design and product development have always required a steady flow of both new ideas and new fabrics to execute them in. So for digital fashion to work, it should come as no surprise that digital ideation, design and development – as practised in popular solutions like CLO3D – will demand a constant source of digital fabrics.https://www-theinterline-com.cdn.ampproject.org/c/s/www.theinterline.com/2023/02/28/url-to-irl-and-back-again-how-digital-fabrics-twins-are-defining-fashions-new-trajectories/amp/