The Business of Fashion Podcast
Devising a New Social Contract for Fashion’s Garment Workers

Devising a New Social Contract for Fashion’s Garment Workers

April 20, 2021

Fashion has routinely failed the millions of people who make its clothes. What should the industry do to create systemic change?

Stella McCartney on the Business of Sustainable Design

Stella McCartney on the Business of Sustainable Design

April 16, 2021

The pioneering designer spoke to BoF’s Imran Amed about continuing to push the envelope for sustainable luxury at the BoF Professional Summit: Closing Fashion’s Sustainability Gap.

The New Model for Building DTC Brands

The New Model for Building DTC Brands

April 13, 2021

A new generation of direct-to-consumer brands like Topicals and Parade are finding success with a powerful community-based approach to marketing.

10 Retail Archetypes for the Post-Pandemic Era

10 Retail Archetypes for the Post-Pandemic Era

April 9, 2021

As retail stores begin to re-open this summer after a year of lockdown, Doug Stephens shares strategies for post-pandemic success from his new book, Resurrecting Retail.

 

Retail’s Darwinian shakeout over the last year has consolidated market power in the hands of dominant e-commerce players. But a brand, even if small, can still be mighty. The key is focus and finding a relevant niche, Doug Stephens said at VOICES 2020, previewing his new book, Resurrecting Retail, out on April 13.”

In the post-pandemic retail era, purpose will be the new positioning,” Stephens said. “What will be your brand’s reason for existing?” he asked.Stephens outlines 10 reasons why retail should exist in 2021 and beyond, from product education to activism.

  • “I see Covid-19 not as a mere accelerator, I see it as a threshold,” said Stephens. “As a unique wormhole in time where society as a whole is being pulled out of the industrial era and across the threshold of the digital age.” Though 2020 was challenging for a lot of retail companies, it has made the big ones like Amazon, Alibaba, JD.com and Walmart even stronger and better prepared to capture more of the global retail economy.

  • Brands must think about purpose: what is the question your brand answers? Companies that succeed in the marketplace do this well. “When we buy Nike products, we’re buying a cultural point of view, and Nike answers a very specific consumer question. The question, of course, is ‘Who inspires me?’” Stephens said.

  • In the post-pandemic world, the media will no longer be just the message. “Every form of media now, that the consumer has exposure to, is no longer simply a call out to go to the store,” Stephens said. “Every form of media must be the store.”

 

Related Articles:

Take a Look Inside The Post-Pandemic Store

The New Rules of Brick-and-Mortar Retail

Tapping Into the Future of Physical Retail

 

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Rethinking the Fashion Rental Model for the Post-Pandemic Era

Rethinking the Fashion Rental Model for the Post-Pandemic Era

April 6, 2021

Rent the Runway chief executive Jennifer Hyman shares her strategy for making the fashion rental model work as retail, restaurants and workplaces slowly begin to re-open.

A Crash Course on The BoF Sustainability Index

A Crash Course on The BoF Sustainability Index

April 2, 2021

BoF’s London editor Sarah Kent and editor-in-chief Imran Amed delve into The BoF Sustainability Index, measuring fashion’s progress towards avoiding catastrophic climate change and achieving broader social imperatives by 2030.

Fashion’s negative impact on people and the planet is in focus like never before. Pressure to change is coming from investors, consumers, regulators and even inside big brands themselves. Companies are responding with high-profile commitments to do better. But are they actually making a difference?

In the latest episode of the BoF Podcast, London editor Sarah Kent and editor-in-chief Imran Amed discuss The BoF Sustainability Index, an in-depth analysis of how 15 of fashion’s largest companies measure up on sustainability.

  • The fashion industry has an important role to play in tackling global sustainability challenges, both because of its impact and its influence. “Fashion often flies under the radar,” explains Kent. “[But] it has power to really change people’s views and behaviours and drive a shift that other industries cannot so easily engage in.”

  • Overall, BoF’s analysis found that the big companies’ commitments are outpacing action. “Some [companies] are leading the pack and some are just getting started, but overall things are not changing fast enough.”

  • While the pandemic remains an immediate crisis for the industry, the climate crisis is increasingly in focus ahead of the UN Climate Change Conference due to take place in Glasgow later this year. “I think what is pretty well established now is the direction of travel that is needed,” says Kent. “What we need to start seeing is the strategies that are going to get us there. Where are the investments going to be made?”

 

Related Articles:

Sustainability: What Brands Are Prioritising in 2021

The Waste Opportunity: How Fashion Could Turn Trash to Treasure

Fashion’s Long Road to Transparency

 

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Join BoF Professional for the analysis and advice you need. Get 30 days for just $1 or explore group subscriptions for your business. 

The Multi-Versal Self and the Rise of Virtual Fashion

The Multi-Versal Self and the Rise of Virtual Fashion

March 30, 2021
 
Combatting Anti-Asian Racism in Fashion

Combatting Anti-Asian Racism in Fashion

March 26, 2021

BoF’s Imran Amed talks with Michelle Lee, Susanna Lau and Phillip Lim about the intersectional issues and structural barriers at the core of Anti-Asian hate, and how the fashion professionals can be better allies.

The Year That Changed the World

The Year That Changed the World

March 19, 2021

A year after coronavirus lockdowns swept the world, BoF’s Imran Amed looks back at a period of sweeping change in conversation with leading voices from inside and outside fashion.

Somali Supermodel Iman on the Struggle for Representation in Fashion

Somali Supermodel Iman on the Struggle for Representation in Fashion

March 16, 2021

The Black model and entrepreneur speaks with BoF editor-at-large Tim Blanks about paving the way for a more inclusive fashion industry — and the work that remains to be done.

 

Iman stands out as a trailblazer in the fashion industry. She was one of the first Black models to star on the catwalk and followed her modelling career with a successful cosmetics business designed for women of colour. While she helped pave the way for more representation, she also experienced first hand the racism and discrimination that persists within the industry today.

In the latest episode of the BoF Podcast, Iman speaks with BoF editor-at-large Tim Blanks about her experiences and the work that still needs to be done to address the problem.

  • The supermodel credits her mother’s empowering vision of self-worth for enabling her to navigate a tricky industry. “[Self-worth] is what [my mother] heavily instilled in me to be able to walk away from anything that doesn’t serve you well regardless [of] how enticing it is,” she said. “Whether it’s a man or work or whatever it is … I would always make the right decision for myself if I had a sense of self-worth.”

  • Iman has achieved stellar success and helped pave the way for greater representation throughout the industry, but throughout her career, she’s had to work harder than her peers to secure her place. “Most of the time makeup artists had no clue how to do our makeup,” says Iman. “Forget about hair, that is why most of the pictures you will see [Black women’s] hair is just pulled back because [stylists] didn’t know what to do with it.”

  • Iman remains actively involved in efforts to tackle racism in the industry through The Black Girls Coalition, a pressure group she co-founded with close friend Bethann Hardison to highlight the lack of representation in the fashion industry. “It’s a learning experience because you just have to manoeuvre and find your place in this system [as a Black woman and model.]”

 

Related Articles:

Secrets of the Supermodel Trade

The BoF Podcast: Tackling Systemic Racism in the Fashion Industry

Op-Ed | Racial Diversity on the Runway

 

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Join BoF Professional for the analysis and advice you need. Get 30 days for just $1 or explore group subscriptions for your business. 

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