Vestiaire Collective’s move to take fast fashion out of its brand mix has resulted in a boost in the positive environmental impact from its resale model, according to its latest impact report.
The platform surveyed 3,500 customers from its markets, including France, Germany, Italy, Spain, U.K., U.S., Australia and Hong Kong.
Only 16 percent of sellers said they use their proceeds to buy new items; instead, the majority are reinvesting in other high-end resale items. After initially removing 20 brands from sale, the company will roll out two additional phases before 2025. The reaction from users has been positive, with 70 percent of respondents upgrading their purchases as a result. They are continuing to research this number to assess if the additional 30 percent will return.
Criteria they are considering are garment quality, the label’s volume of production, marketing that promoted over-consumption, as well as social impact and what regulations they produce under. The company expects to be able to reveal the second round of brands by the end of 2023.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WSJ News Exclusive | SVB Customers Who Lost Their Deposits Remain on the Hook for Loans“They’re being squeezed both ways,” former FDIC regulator Joseph Lynyak said of Silicon Valley Bank customers who have lost their deposits but still have to repay their loans
Weiterlesen »
With summer on the way, energy companies urge customers to conserve energyOn these peak energy demand days, CPS asks customers to conserve energy between 2 p.m. and 7 p.m. and avoid using large appliances like the oven, washer and dryer.
Weiterlesen »
6 Foods You Should Never Buy at Aldi, According to CustomersThis discount grocer does a whole lot right, but that doesn't mean Aldi is completely immune from complaints about its products.
Weiterlesen »
Anheuser-Busch says 'We hear you' to upset customersAnheuser-Busch said it is investing in protecting employees' jobs as sales fall as it has become the target of a boycott.
Weiterlesen »