The growing responsibility of ethical fashion platforms
Shopping guilt-free and effortlessly is the promise of the new online fashion marketplaces where ecology and aesthetic collide. The ethical fashion market is expected to reach 9.81 billion dollars by 2025.
By Morgane Nyfeler23 septembre 2021
In recent years, sustainable fashion has clearly boomed, with brands exploring circular business models, innovative planet-friendly materials, rental and resale to respond to the growing demand coming from environmentally conscious customers. With COVID-19, people have re-evaluated their shopping habits and the need to follow the latest trends in favour of buying less but better. According to a McKinsey survey conducted in July 2020, more than 60% of surveyed consumers have reported spending less on fashion during the crisis and 63% consider a brand’s promotion of sustainability to be an important purchasing factor as a result. It’s the younger generation especially who has been open to experiment with smaller and lesser-known brands. And these trends are expected to continue as restrictions are being lifted in some parts of the world.
Customers are understanding that, when making a purchase, cost per wear – the value of an item in relation to how much it is used – is what they should truly consider
Raia Gomez, founder of the Relevé Fashion platform
If their sentiments are genuine, customers are, for the most part, slow at changing their behaviours and turning their intentions into actions. While the ethical fashion market is expected to grow to $9.81 billion in 2025 according to The Business Research Company, obstacles such as price, availability and access to information are still standing in the way of consumers to actually take the leap. Ethical rating platforms such as Good on You or Compare Ethics are already listing fashion labels from around the world, disclosing important information about their supply chains and giving customers easy-to-understand scores to shop more consciously. Now, a growing number of online ethical marketplaces are making it even easier and quicker for customers to discover and buy from sustainable brands in one single place.
To continue reading this articles, subscribe now
CHF 10.- per month / CHF 99.- per year
- Unlimited access to all paid content
- Industry analysis you won't find anywhere else.
- In-depth case studies on key business challenges.
- Academic analyses, studies and publications written by professors and researchers from the Swiss Center for Luxury Research and some foreign universities.
- Members-only events to grow your knowledge and network.
Share the post
‘Skinminimalism’ is the new trend that brings our beauty habits back to basics. Better for our health and the planet, it’s also a more affordable alternative to other wasteful practices.
As the world’s second most polluting industry, the fashion industry is waking up to the value found in using existing resources in order to minimise its waste. Upcycling is slowly becoming the new trend emulating the second-hand and vintage market, and the luxury sector, from innovative high-end brands to pioneering independent designers, isn’t short of exciting, eco-friendly initiatives.
Be notified of the latest publications and analysesRegister