The challenge to reduce carbon emissions offers the fashion industry an opportunity for its players to do what they do best — be creative.
The apparel and footwear industries together account for more than 8 percent of global climate impact, greater than all international airline flights and maritime shipping trips combined.
Conspicuous consumption is out -- and circular fashion is in. No, the term doesn't refer to round patterns or silhouettes but to extending the lifecycle of well-made garments and recycling their materials into new items. These challenges aren't insurmountable. Indeed, the crisis at hand represents an opportunity for industry players do what they do best -- be creative.Enter businesses like The RealReal, a thriving online and physical luxury consignment store valued at $450 million, according to research database PitchBook.
It also makes good business sense."We have 25 million pounds of clothing thrown out in the U.S. per year, and most of it has not reached its usable life. So these companies are capitalizing on that," author Cline said. "the queen of sustainability" for her eco-friendly fashion line, is widely considered to be a pioneer of the sustainable fashion movement.
"Obviously I care about the environment. And I thought if I have a blank canvas to start a supply chain from scratch, I will -- in every way I can -- build it to help the environment or lessen our footprint," Dai told CBS MoneyWatch.
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