The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The online luxury marketplace said Thursday it is partnering with the US-based resale platform to help customers thrift their old clothes for charity and store credit.
The company will offer branded “clean out kits” customers can fill with unwanted clothes and accessories that are then sent for sale on ThredUp. Sellers donate at least 50 percent of what they make to their choice out of a selection of charities and receive the rest in Farfetch credit. The move expands on Farfetch’s existing resale initiatives. The company already has a version of the programme, known as Farfetch Donate, running in the UK and an option for customers to sell pre-loved handbags in exchange for Farfetch credit through its Second-Life service.
Other circular initiatives include a repair service in partnership with The Restory that launched in February. Browns, the retailer Farfetch acquired in 2015, launched a partnership with the London-based aftercare service this week. Browns said it has also launched a tailoring service this month in partnership with Zegna, and is working with six jewellery brands on a customisation service.
The Future of Fashion Resale Report — BoF Insights
BoF’s definitive guide to fashion resale, covering the evolution of the market, its growth and upside, consumer behaviours and recommendations for crafting a data-driven resale strategy. To explore the full report click here.
The Future of Fashion Resale is the first in-depth analysis to be published by the BoF Insights Lab, a new data and analysis unit at The Business of Fashion providing business leaders with proprietary and data-driven research to navigate the fast-changing global fashion industry.
Editor’s Note: This article was revised on 1 July 2021. A previous version of this article stated that Farfetch offers customers an option to sell pre-loved handbags through its site . That is incorrect. Customers may sell pre-loved handbags through Farfetch’s Second Life service in exchange for credit.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.