30 November 2023
30 November 2023
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The 2023 edition of GFA Monitor report published by Denmark-based non-profit Global Fashion Agenda (GFA) is aimed at guiding fashion leaders towards a net-positive fashion industry.
Fashion industry experts emphasise the need to shift away from discussions to implementation and tangible actions at this year's COP28.
Fast fashion online retailer Pretty Little Thing appeared to take a lower profile for Black Friday 2023 with Year over Year (YoY) traffic decreasing by almost half (45%).
Greenpeace claims one item was reused from the 29 geolocators it placed on clothing recycled across Spain, including at Zara and Mango stores over the course of four months.
Crystal Denim, a subsidiary division of apparel manufacturer Crystal International, has teamed up with the Hong Kong Denim Festival and technology incubator the Mills Fabrica to amplify efforts in advocating sustainability within the denim industry.
Spanish fashion retailer Mango is investing in Ziknes, a start-up that develops software and robotic 3D printing systems enabling it to go from design to print, with recycled materials, in a matter of minutes.
Pentland Brands, which owns labels such as Speedo, Berghaus, and Endura has entered a strategic partnership with software solutions provider, Segura, to streamline its global supply chain from initial tier to raw materials, across its worldwide operations.
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Personalization has increased as technologies have advanced, with a retailer’s ability to collect, analyze, and utilize consumer data being aided by the effective use of analytics tools. Consumers are also increasingly individualistic, especially Gen Z, and want products that are specifically targeted to their needs and goals. These consumers are often willing to pay a premium for such items. Although the opportunities for product personalization in apparel are rife, personalized products are generally not offered by mainstream retailers due to the higher costs involved.
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