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Usually, this is in January â the start of the year when many âlife-changingâ plans are made and âstart my own businessâ resolutions penned.
Then there is September! With the holidays over and having taken time to reflect and rest, many inspired by the fashion weeks that kick off all over the world hit the keyboards in an attempt to turn the idea they have been nurturing, into a product to sell. A product or business that they hope will be life-changing.
But somewhere along the way, an integral step of the process of working with fashion manufacturing companies gets skipped by most.
Particularly the new to the industry entrepreneurs.
Many may have had a few years or more working experience in another industry. This valid and useful experience, however, adds a false sense of knowledge and confidence when navigating the much different fashion...
Too many fashion entrepreneurs put their best creative thinking into an idea and believe that the business implementation simply requires following tried-and-true business practices.
But, in today's internet savvy day and age, nothing could be further from the truth.
To win, you need to think outside the box to deliver a better customer experience, business model, and new positioning.
It isn't something that comes naturally to most creative people, especially the ones that are small brands or a âone man bandâ brand. Few creatives are taught business at college, yet they are encouraged to think BIG. They often leave education eager to start t...
Two collections were delivered per year. The Spring/Summer RTW ("ready-to-wear") garments hit the shop floor in January. Depending on the type of collection produced, the selection would typically include lightweight separates comprising of blouses, skirts, dresses, shorts and a couple of jackets. Autumn/Winter RTW collections were delivered in July. The offering was similar to S/S but with the addition of heavier fabrics, knitwear and coating.
The system, while adequate, had its own set of problems. It was business-driven as opposed to being customer-driven. Customer fatigue would inevitably set in through seeing the same items on the shop floor for 5 long months. In addition to this, it made no sense to be shopping for short sleeved dresses in January when t...
Living in a place like London can be wonderful â and limiting too if we let it. We are so used to our ways, where everything is at the tip of our fingers, that we can easily be fooled that anything can be achieved from the comfort of one's desktop.
But every so often an opportunity knocks and tempts us away from safety to the unknown.
This is how it felt recently when Team Fashion Insiders decided to board a plane, swap continents and land in India â for a week packed with exploring a new market, forging new contacts, connections, and absorbing new experiences and lessons.
Had we just sat in the office we would not have had the opportunity to get a better understanding of one of the most vast markets and major suppliers of the fashion industry.
Though we hear often...
In this consumer- and trend-driven era of valueless clothes, youâre now able to change your outfit up to three times a day, should you so desire. The trend for cheaply-produced, throwaway fashion can be traced back to the early noughties when Philip Green bought the Arcadia group for a cool ÂŁ850m. In 2005 his jewel in the crown, Topshop, accounted for ÂŁ1bn of UK clothing sales by the first six months of that year. With the entire clothing market only worth ÂŁ7bn, Green was onto a winning streak with his 14% stake in the market!
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Green's ability to deliver âFast Fashionâ - cheaply-made clothing based on designer fashion trends that are produced very quickly in small quantities - peaked the interest of his competitors. They were determined to em...
I love the shopping experience. Good retailers, such as Selfridges, provide brand validation and status, so my first port of call is always the Selfridges handbag department. On my way into the store, Iâll spend an hour caressing the Anya Hindmarch, M2Malettier and Sophie Hulme designs. On my way out I repeat the exercise, albeit with a couple of other designers goods.
Customers like to feel the quality of more expensive products and also love the brand experience. Retail allows you to immerse yourself in your favourite designers âlive moodboardâ and to be a part of their world. Whil...
Is it ecological, is it ethical or is it green?
There are so many definitive buzz words being used in the press that itâs hard not to be confused.
The reality we now, depressingly, find ourselves in, is a situation predicted by Carlo Petrini (founder of the Slow Food Movement). In 1985 he asked a simple question:
âHow did we end up in an era when we have to define and certify things that should be normal?â Â
To understand the definition of sustainable fashion, we should define the Fast Fashion model to illustrate the differences between the two.
Fast Fashion raised its ugly head towards the latter part of the previous century. It coincided with the rise of the internet as a gateway to consumer consumption. The ready availability of all manner of products online gave rise to a fierc...
Fashion is socially, economically and environmentally important industry and a form of expression. As per 2014 data, the fashion apparel industry is valued at 3 trillion dollars accounting for 2% of the worldâs GDP and employs 57.8 million people. Though the fashion industry contributes significantly to the GDP, it is the second highest polluter after oil industry. About 25% of the worldâs chemicals are used for textile production.
The fashion industry needs to transform in terms of changing consumerâs relationship with the garment and taming excessive consumption. Fast fashion has phenomenall...
Below are some Eco-friendly practices that you, as a business can do to contribute your share of sustainability in the fashion industry.
With planet earth being pushed to the limit and recent headlines predicting that a 2C rise in temperatures could set off an uncontrollable chain of events within five decades, everyone needs to do their bit.
No one is more aware of the urgency than millennial students at fashion colleges. Many of them have been developing their work on an eco-friendly ethos.
However, once these students graduate one can only hope that their fledgling businesses are set up in such a way that helps reduce their carbon footprint. Travelling on a path towards greater sustainable practices means analysing the environmental impact of your company and your suppliers.
Sett...
Iâve lost count of the number of times I have seen the terms âretail apocalypseâ and âperfect storm in retailâ being used in the last 2-3 years. I have watched the collapse of several major chains with an increasing sense of dismay and âthe end of an eraâ nostalgia. Department stores, toy specialists, electronics giants, they were all institutions in their own right!
Now, an apocalypse is a profound word and means âthe total destruction and end of the worldâ. Grave! English is not my first language but intuitively it feels wrong to associate the word with the current retail situation. Some retailers are thriving while others are suffering. The respective financial performances are polarised.
Besides the multi-channel retailers with a strong USP and online pure-plays, marketplaces are the bi...
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