GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Dubai, United Arab Emirates - October 07, 2019:    With the rise of the modern era and social media, luxury consumers are exposed to constantly changing styles which foster a desire of tireless change and continuous experimentation. Nowadays, consumers buy 400% more clothes than they did two decades ago. To keep up with the demand, companies need rapid stock turnover. This massive over-consumption leads to massive over-production and according to the Australasian Circular Textile Association, about 30% of the clothes made around the world are never sold. In 2018 alone, the cost of this unsold and destroyed inventory was estimated to be $210bn.
 
The fashion industry is indeed the second most polluting industry in the world. Overall, whilst 85% of human-made debris on the shorelines around the world are microfibers, and 190k tons of textile micro plastic fibers end up in the ocean every year, 95% of the pieces being currently thrown away could have been reused, repaired, or repurposed.
 
Taking these ecological and hazardous threats into account, a younger and more informed generation is leading the shift towards a more sustainable lifestyle. Currently, “Sustainability influences the purchasing behavior of approximately 60% of True-Luxury consumers (+12% vs 2013) driven by environmental, animal and ethical manufacturing concerns”, according to BCG's Luxury Global Consumer Insight 2019. It is considerably fueling secondhand purchases. According to the same report, 17% of true luxury secondhand consumers perceive the pre-owned market as a truly sustainable alternative for their purchases and 10% consider sustainability to be now in the top 3 values defining luxury itself.
 
Indeed, instead of encouraging this overproduction and overconsumption of fashion products, the resale market offers buyers a sustainable alternative to fast fashion whilst offering them long-lasting choices of the highest quality. Whilst the average lifetime of a garment is 3 years in the fast fashion sector, the lifetime of a luxury product can last decades when preserved properly. The resale market allows and encourages consumers to buy less but better whilst continuously satisfying their desires to be fashionable and on trend. It also offers consumers the opportunity to declutter their closets by selling what they no longer use in order to finance newer purchases whilst giving a second life to these pieces.
 
The resale market is one of the most critical and sustainable solutions to the current ecological damage the fashion industry is causing. It is also defining “circularity” in the sector and The Luxury Closet is one of its pioneering advocates - worldwide. As a matter of fact, since its inception, considering the fabrics, materials and composition of the products The Luxury Closet has sold, the start-up has already offset the equivalent of 2 million liters of water used, and 500,000 KM driven.

 



Posted by : GoDubai Editorial Team
Viewed 8196 times
Posted on : Monday, October 7, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Handbags and Gladrags
Next Story : Lacoste Spring Summer 2020 Fashion Show
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin i...
Three Eggs get Yemeni National a Guinness World Records Title
Omega's Antimagnetic Tourbillon Is a Watchmaking Breakthrough
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track
The new BMW M5 and BMW M5 Competition
Toric Tourbillon Slate
GROHE Smart Control Review
Twitter tests Tweeting with Voice
Saxo Bank Launches Loyalty Program for MENA Region Clients
Hyundai Motor and Sony Pictures Entertainment Announce Unique and Pioneering Mul...
American Aesthetic Medical Center Has Something in Store for the Esthetical Figu...
WTTC Launches Safe Travels Protocols for Attractions, Car Hire and Short-Term Rental
NUDESTIX Launches - Nudies Blush, Bronze, and Glow Shade Extension
Volvo Cars Chengdu Car Plant Powered by 100 Per Cent Renewable Electricity
Range Rover Marks 50 Years of All-terrain Innovation and Luxury With Exclusive N...
Under-12 and Over-60 Can Now Take Part in Sports Activities: Dubai Sports Council
Dabur Ensures Safety with Hand Sanitizers and Personal Protection Kits as UAE Es...
Let's Brigthen Up! The Face Shop's Ultimate Summer Skincare Range From Belif is Here!
Handy Helper for Content Creators: The Compact A6100 Mirrorless Camera from Sony...
Pre-orders for Samsung's Galaxy S20+ 5G and Galaxy Buds+ BTS Edition now open in...
Experts Highlight need for Young Talent to Develop Skills for a Post-Covid-19 World
Dabur Launches Pure Organic Coconut Oil: Natural Protection for Hair, Skin, and ...
GEMS Wellington Academy – Al Khail Improves Rating to 'Very Good' in KHDA DSIB 2...
Etihad Airways to Recommence Flights to Athens
Dubai Sees Pronounced Uptick in Demand for Retail Units
Book Building of Amlak International's IPO of 30% of Shares
Sanctuary for the Senses: All-New Lincoln Corsair Arrives with Whisper-Quiet, Co...
Essence Spring/Summer 2020 Collection
Registration Opens for Training On the Camel Trek and Camel Marathon for Expats
Covid-19 Leads UAE Businesses to Adopt Upgraded Green Building Solutions
Dubai Sports Council Discuss Upcoming Sports Events With Federations and Organisers
Dubai Sports Council to Celebrate Dubai's COVID-19 Heroes Through Commemorative ...
Turkish Airlines Was the Busiest Operator in the Eurocontrol Area After Restarti...
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate'
INFINITI of Arabian Automobiles presents Dubai Islamic Bank customers Super Sale...
Crude Oil Headwinds on Virus and Technicals
Customers can Benefit from Increasing Gold Rate by just Paying 10% Advance at Ma...
Canadian University Dubai Receives Prestigious Certification in Education for Pu...
Report Reveals the Six Fintech Innovations That Will Boost the ‘Financial Health...
Serco Middle East Appoints New Managing Director for Dubai Metro and Dubai Tram
Big Bang Integral King Gold
Pan Emirates Unveils Exclusive New Collection
Digital Vision Technology Signals On-Track Success for Panasonic Jaguar Racing
Schneider Electric Extends Strategic Partnerships with AVEVA, Lenovo and Stratus...
Celebrate World Music Day with HONOR Magic Earbuds
The 11th Edition of the Arab Fashion Week to Launch Virtually Today, from June 2...
New Bentayga to Launch Beyond100
Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Securit...
Celebrate Summer Safely with the New, Shopping Normal at BurJuman
Registration open for Dubai Watersports Summer Week