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[RETAIL INSIGHTS] The circular economy is projected to be a $4.5 trillion opportunity by 2030. ?? Retailers have proven circular fashion models work, showing that long-lasting products can be both profitable and environmentally friendly ?? Sustainability, through repair and reuse services, is a growing trend in retail — appealing to eco-conscious consumers ?? Brands offering in-store repair services can increase customer loyalty and differentiate themselves in a competitive market Get the whole backstory: https://lnkd.in/etABK7KB #RetailNews #RetailTrends #RetailMarketing

Tips for the Week: How can Retailers Reduce their Carbon Footprint? Retailers have a critical role to play in enabling Circular Business models. The most explicit method is by supporting and stocking Brands that have adhered to the demand of Consumers for durable, high-quality, recyclable products. In return, Retailers have the opportunity to expand their Market Share in the growing circular business of the Fashion industry.

?? Accelerating Decarbonization in the Fashion Industry ?? The #fashion industry currently accounts for 3-8% of global greenhouse gas emissions, a figure projected to increase by 30% by 2030 without further intervention—an alarming trend that conflicts with the goals of the Paris Agreement. Key causes include increased fashion product sales, overproduction, and reliance on air and truck transportation. However, the textile and fashion sector could more easily achieve #decarbonization goals, as most costs and value derive from low-carbon activities such as design and marketing, while emissions are concentrated in activities like production and shipping. To pursue and achieve sustainability goals, comprehensive commitment across all business aspects—from design and procurement to marketing and sales—is necessary. Among the six actions recommended by McKinsey & Company to accelerate decarbonization in the fashion industry, a focus on data collection stands out. ?? Measuring emissions impact and establishing a solid foundation require the availability, collection, and digitalization of primary data, as well as increased transparency in the supply chain. Major fashion brands work with hundreds, sometimes thousands, of suppliers. This makes it challenging, if not impossible, to engage each of them in sustainability initiatives and to collect transparent and reliable data throughout the supply chain. However, reliable #data access is essential for fashion companies aiming to activate #circular supply chains, advance their decarbonization journeys, comply with #sustainability regulations, and provide transparent information to consumers and stakeholders. ?? Musthad could be the perfect partner for #traceability and impact #measurement applied to textile end-of-life, thanks to the digitalization of excess inventory data. ?? Utilize data on our #platform to gain greater control, make informed decisions, and activate circular and transparent supply chains! Contact us to learn more. #sustainability #circularity #decarbonization #datadigitization #traceability #measurement #impacts #textilewaste #excessinventory #musthad

According to research done by Kearney , “Real change can only be achieved when sustainability is accounted for at every stage of the value chain, especially encouraging consumers to buy fewer clothes in the first place.” #Thriftshopping is indeed a good solution, but it can’t be the only one. Sustainability practices must be incorporated across all agents in the supply chain—from fabric mills to brands. In other words, as much as we love a good vintage find, we know that true change requires more than just second-hand shopping. At the end of the day, it’s about driving real transformation according to the market’s reality. We are focused on changing the bigger picture. Want to be part of it? Learn more through the link in our bio! ? #SustainableFashion #EcoConscious #MarketChange #WorldCollective

???? Stay ahead of the game by embracing the latest consumer trends for 2024, as revealed by a recent Statista survey. The data implies 2 key developments for the packaging industry. 1???? Quality over quantity — despite the current cost-of-living crisis, consumers are shifting their preferences towards quality over quantity. They are prioritizing long-lasting, premium items and are willing to invest in such offerings. This trend is particularly evident in the fashion and accessories market, where 35% and 36% of consumers opt for premium options in the shoe and clothing categories, respectively. 2???? Sustainability is back in the spotlight and here to stay — Sustainability has regained significant attention, and ethical spending is prioritizing eco-friendly practices, even during challenging times. Brands must recognize that sustainability is no longer an option but a necessity when positioning their products and brand identity. #packagingtrends #interpack2026 #packaging #processing #machinery #innovationinpackaging Source: Statista

Continuing my look at the impact of circularity on fashion brands, what happens to sales and revenues? We know that overconsumption and overproduction are major issues for the industry, so it is important to think broadly about revenues and not just stock keeping units (skus): revenues can still go up, even if the number of skus associated with new items goes down (as it likely will). For example, extended product life, better durability and modular designs to encourage longer-lasting products, may lower new purchase frequency. But circular approaches like product-as-a-service (e.g., rental, leasing), resale, and repair and take-back programmes open new revenue streams. Also, aligning with brand values with circularity can enhance brand loyalty and attract eco-conscious consumers from other brands, impacting sales volume positively. An overall increase to the Average Price per Unit across the portfolio and assortments should be achievable under circularity. For example, environmentally friendly materials and sustainable practices can justify premium pricing, as consumers increasingly value sustainability. Also, Value-Added Services such as offering repair services or lifetime warranties can enhance perceived value, allowing higher price points. What is your experience? #circularity #sustainability #fashion #brands

?? "Standing still is the most dangerous thing you can do in retail." ?? Xpert Panel member Zoe Rowswell explores why “Retail Can’t Stand Still” With the retail landscape shifting beneath our feet, staying stagnant is no longer an option. So, how can retail not just survive, but thrive in this storm? Click here to read more:?https://lnkd.in/eAp_RcrF Zoe’s latest insights dive deep into these challenges and reveal why circular retail isn't just an option; it's the key to staying relevant and profitable in today’s fast-changing world. How would you like to see brands incorporate circular retail? Join us on Future of Retail X as Zoe shares her expert perspectives and uncovers the latest circular retail trends. #CircularRetail #Sustainability #Retail #futureofretail #retail #retailjobs #innovation #Fashion #strategy

Our latest white paper dives into the impact of upcycling on brand perception, customer loyalty, and sales performance. Discover how incorporating upcycled products can enhance your brand image, attract eco-conscious consumers, and boost sales. At Bank & Vogue, we’re making fashion circular with BVH Services, turning post-consumer clothing and textiles into new products at scale—reducing waste and conserving resources for a sustainable future. ???? #SustainableFashion #Upcycling #CircularEconomy #BankAndVogue

Supply chain transparency isn't just a trend—it's the future of fashion! We’re thrilled to share our latest article, written in collaboration with The Interline, where we explore the critical next steps for brands aiming to achieve full traceability and transparency. In the piece, we dive into how Digital Product Passports (DPPs) are transforming compliance from a regulatory necessity into a competitive advantage, offering brands unmatched supply chain visibility while strengthening consumer trust. ?? We also explore the importance of real-time data and technology integration across every tier of the supply chain. As the article points out, seamless collaboration between brands and suppliers is essential for ensuring transparency and meeting upcoming legislative requirements, such as the EU’s Ecodesign for Sustainable Products Regulation (ESPR). ?? Click the link to explore how your brand can embrace these innovations and lead the way in traceable fashion: https://lnkd.in/gwUuHE3c #SupplyChainTransparency #ESG #DigitalProductPassport #Traceability #Ettos #TheInterline #TechInnovation

As the fashion industry grapples with meeting decarbonization targets, a theme stands out: "Get granular on data" In the world of sustainability, precise, brand-specific data serves as a compass, guiding strategies beyond industry-average metrics toward meaningful, impactful action. Here's how fashion brands can leverage data effectively: ?? ?? ?? Shift your focus from?#GlobalAverage?data to?#RegionSpecific?data tailored to your brand's operations. Why? It pinpoints high-emission hotspots within your operations, giving you accurate results for your strategy. ???? Seek out and partner with leading specialists in traceability and impact measurement (like Arbor). Why? Their expertise can refine your approach, ensuring you employ the most accurate tools and provide critical?#SecondaryData?to fill data gaps. ???? Maintain direct and frequent communication with your supply chain partners. Why? It's imperative to ascertain that the data you collect directly from suppliers reflects your supply chain's environmental impact, enabling transparent and accountable decarbonization efforts. As we've learned from ASOS.com, boohoo, and SEPHORA, data clarity is important to regulators and consumers. See more ways to decarbonize your brand: https://lnkd.in/gMhuNh-p #Sustainability?#FashionIndustry?#Decarbonization?#DataAccuracy?#EnvironmentalImpact?#SupplyChainTransparency?#GreenBusiness?#SustainableFashion?#EmissionReduction?#Traceability?#ImpactMeasurement?#EcoFriendlyBrands?#SustainableDevelopment?#CircularFashion?#EnvironmentalSustainability #SustainabilityData #ImpactData