1. Consumerism & circular economy in the fashion industry: Modern culture has driven continued increases in oversupply and planned obsolescence. Fast fashion is a linear business model that focuses on a rapid supply chain, working to design, produce and distribute new items of clothing at an accelerated rate. This model works due to the low cost of labor, ever-changing fashion trends and most importantly the increase in consumer demand. – Read More on Circular Online
2. Is fashion really entering a “sustainability decade”? A new era in luxury retail is under way. Dubbed the “sustainability decade” by consultancy Bain & Company, brands and retailers are pivoting to sustainable offerings and conscious initiatives to cater to an emerging generation of affluent consumers, turning over a new leaf and shifting their consumption from an accumulation of “It” bags to purposeful buying. – Read More on SCMP
3. How fashion resale site Depop tapped into the minds of Gen Z: A sense of fluidity informs how members of Gen Z approach life: with an entrepreneurial mindset. “They are basically defining new paths to become successful …They think, ‘what are the things that I want to do or that make me feel passionate?’ That [often] means having multiple jobs.” – Read More on Fast Co.
4. Facebook’s Glasses May Sell Millions and Start New Privacy Debates: For good reason, many people will not like the fact that Facebook Inc. is literally getting closer to their faces with the new smart glasses it unveiled on Thursday. Many more will not care and buy them in droves. – Read More on Bloomberg
5. Luxury brands pivot to sustainable jewelry as consumers demand ethical diamonds and gold from big names like Tiffany: McKinsey expects that by 2025, “sustainability-influenced purchases will account for 20 to 30 per cent of all fine jewelry sales (equivalent to $70 billion to $110 billion). This would be a remarkable three- to four-times increase from 2019.” – Read More on SCMP