BoF

What’s Next for the Fashion System? | BoF Professional, News & Analysis

Last spring, as fashion brands announced pandemic-driven furloughs and store closures, Saint Laurent released a dramatic statement. The Kering-owned luxury brand planned to “take control of its pace and reshape its schedule” by abandoning the calendar of runway shows that had formed a key part of the luxury fashion business model for decades. Freed from this system, the brand said it would create its collections “with an up-to-date perspective, driven by creativity.”

The decision made waves far beyond Paris and fuelled a debate that had been growing in the industry ever since the rise of globalisation and the mainstreaming of the internet triggered questions on whether it still made sense to present collections via traditional runway shows, bundled together in fashion weeks according to Eurocentric “seasons” months before they hit stores in an age when the runway, at least for the bigger brands that anchor major fashion weeks, had largely

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Will China’s Three-Child Policy Spark a Kidswear Boom? | China Decoded, BoF Professional

As Chinese kids return to school this week, their parents are facing a new era of child rearing in the world’s most populous country — one that will likely coincide with impressive growth in the children’s fashion market.

Prior to the pandemic, China’s children’s fashion segment (encompassing both children’s clothing and footwear for newborn to 14-year-olds) was already growing at a rate faster than its men’s or women’s fashion sectors, clocking 12.5 percent year-on-year growth in 2019, according to data from market research provider, Euromonitor International.

In 2020, the pandemic caused a slight decline: the children’s fashion market in China dropped 3.75 percent year-on-year to a total value of 290.83 billion yuan ($44.85 billion). But the sector is expected to come roaring back this year, with Euromonitor estimating sales of 346.6 billion yuan ($53.46 billion) in 2021, representing growth of close to 20 percent year-on-year.

This boom is set to

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What Fashion Resale Can Learn from Cars and Consumer Electronics | BoF Professional, News & Analysis

There is little doubt that fashion resale is heating up. ThredUp’s July acquisition of Remix and Etsy’s acquisition of Depop the month before underscore the growing momentum in the space and the increasing size and scale of the players aiming to seize the opportunity.

Since 2019, the market has seen at least 4 IPOs, 13 major new entrants (e.g. platform launches or companies directly entering resale), 14 major brand and retailer partnerships and 6 Resale-as-a-Service start-up launches, according to The Future of Fashion Resale, a report by BoF Insights, a new data and analysis unit at The Business of Fashion.

Yet for all of this recent activity, there is still significant potential upside for secondhand fashion, especially as BoF Insights estimates that only approximately 5-7 percent of resaleable fashion inventory is actually resold around the world today.

Fashion resale might still be in its infancy. But as brands and retailers

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A New Model for Funding Fashion Start-Ups | BoF Professional, News & Analysis

It was only a couple of months after Allegra Shaw and Shirin Soltan launched their sustainable clothing label, Uncle Studios, when they hit cash flow issues.

They had used their own funds to start their brand in late 2017, and much of that went to manufacturers. The duo had hoped a bank loan would cover marketing and other costs in order to scale, but lender after lender turned them down.

“When you’re an entrepreneur and you’re young, banks don’t trust you with loans,” said Shaw, who is based in Toronto. “We weren’t eligible to get enough money.”

Months later, Shaw and Soltan received an unusual offer: a financial services firm, Clearbanc, was willing to provide Uncle Studios money to spend on social media ads. The brand would pay back the funds, plus a 6 percent flat fee, via monthly payments taken out of its revenue.

Clearbanc, now called Clearco, has

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