Sustainability has been front of mind for the apparel industry for some time as new technologies and new fibres and fabrics flood the market to ensure the sector continues to reduce its impact wherever it can. And while consumers have often showed signs of wanting to shop more ethically and sustainably, the signs are now really starting to show as the resale market starts to soar.
Okay, so the looming energy price hikes are not helping; consumers no longer have deep pockets when it comes to fashion. Fast fashion will always win in that respect, but consumers are now turning to the resale and rental markets as they realise there really is no need to hang onto items they will never wear again or waste money by disposing of cheaply made clothing when they can rent brand new clothes – often expensive labels they may never have been able to afford previously.
Go deeper with GlobalData
A number of retailers in the last week have entered the resale market to tap into this trend, namely Primark who has partnered with WornWell to offer branded and non-branded vintage and one-off items of clothing in a number of its stores.
The retailer has also launched its lowest priced T-shirts under its Primark Cares label in response to consumers facing a “crisis of conscience” as cost pressures mount.
Rising inflation this year has undoubtedly had an impact on clothing spend this year, with new data for the UK market showing growth of the sector could be restricted further once domestic energy bills rise from October. With no caps for apparel factories or retailers, overheads are likely to rise and consumers will prioritise spend on non-essential goods.
Here are the top stories on Just Style last week:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataPrimark enters resale vintage market with WornWell
Value clothing retailer Primark is moving into the resale market in the UK through a partnership with the Vintage Wholesale Company.
OPINION: The story behind 2022’s US garment retail disaster
Everyone is aware of the disaster facing US garment retail but no one has explained what exactly happened or more importantly why, writes apparel industry consultant David Birnbaum.
UK energy bill hike could cut apparel spend, restrict sector growth
As the UK announces domestic energy bills will rise up to GBP3,549 (US$4202) per year from 1 October and there are no caps for apparel factories or retailers, a GlobalData analyst says apparel spend will be reduced and some retailers will struggle with overheads, which could restrict growth for the sector.
ILO warns of threat to trade union existence in Myanmar
A new report suggests trade unions and civil society organisations in Myanmar are facing an existential threat following the military takeover.
Rising inflation hits UK clothing and footwear sector spend
Untapped potential: The FemTech menopause apparel market
Next Plc takes majority stake in Reiss
Simply Be enters rental game with Hirestreet tie-up
Berghaus pushes repair service with Repairhaus launch
Lenzing moves to renewable energy in Indonesia
UK clothing sector applauds simpler rules under trade scheme
New CEO hunt for Adidas as Rorsted to hand over reins
