The rise of sustainable fashion in retail: Navigating trends and consumer preferences

April 18, 2024 EcoVadis EN


Recognising the shifting consumer landscape, forward-thinking retailers are embracing sustainability as a core aspect of their business strategy. From high-street names to luxury brands, the industry is witnessing a wave of innovations aimed at reducing environmental footprints. These include sourcing materials from sustainable suppliers, adopting circular economy principles, and introducing take-back schemes for recycling. However, the transition is fraught with challenges, such as higher operational costs and the need to balance sustainability with profitability.


Read the full article at: www.financialexpress.com

Read more...

About the Author

EcoVadis EN

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. With global, trusted and actionable ratings, businesses of all sizes rely on EcoVadis’ detailed insights to comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries. Leaders like Johnson & Johnson, L’Oréal, Unilever, Bridgestone, BASF and JPMorgan are among 150,000+ businesses that use EcoVadis ratings, risk, and carbon management tools and e-learning platform to accelerate their journey toward resilience, sustainable growth and positive impact worldwide.

Follow on Twitter Follow on Linkedin Visit Website More Content by EcoVadis EN
Previous Article
Cost-of-trading stifles sustainable investment, retail report shows
Cost-of-trading stifles sustainable investment, retail report shows

Just 16 per cent of businesses will increase spending on sustainability in 2024.This is according to a rece...

Next Article
Consumers struggle to prioritise sustainable packaging
Consumers struggle to prioritise sustainable packaging

While four-in-five consumers in the UK and US believe in the need to reduce plastic use, almost the same nu...