BoF predicts a 20% loss of revenues (around $440 billion in lost sales) throughout the coming year. In these tumultuous times, independent fashion retailers are enjoying a rare opportunity to shine.
Returns cost retailers nearly $400 billion annually, and that’s just on the financial side. What about the carbon footprint? This post addresses the wasteful practice of buying-to-return and considers how far-reaching even a small change in this important area can be.
Covid pandemic has hit the fashion industry hard, but the outlook is particularly bleak for small businesses. 25 to 36 percent of smaller-sized retailers are expected to close permanently as a result of Covid-related disruption
Shoppers today are facing a new world. Their favorite stores are closed and they can no longer enjoy the convenience of dropping into a shop, grabbing a handful of clothes, and heading to the fitting room. As a result, buyers are seeking to satisfy their shopping cravings online.
With continued COVID restrictions, brands will need to sacrifice their usual in-store post-Thanksgiving sales rush and instead make up for the loss in revenue somewhere else.
67 percent of consumers see sustainable materials to be an important purchasing factor, while 63 percent consider a brand’s overall promotion of sustainability to be important when choosing products.
Following the success of our women’s virtual fitting room, we are excited to announce the launch of our men’s solution! Covering all clothing categories from active to formal to denim and beyond
Stores are opening up, but consumers have fast adapted to shop online from the comfort of their home. We took time out to talk with Style.me Sales Director, Derek Fox, about how companies are adapting to this situation and the opportunities we see.
The fashion industry has been grappling with the challenges brought on by the pandemic. Talking with Style.me President, Rufus Parkinson, about how companies are adapting to this situation.
Iconic global luxury fashion brand Diane von Furstenberg (DVF) has partnered with Style.me the most advanced virtual fitting and styling solution presenting a truly personalized shopping experience to their North America e-commerce site.