Selfridges Wants Half Of Transactions To Be Resale Repair Hire Or Replenishment By 2030 Retail Industry

The retailer said it wanted to step up the action after second-hand sales rose 240% to 17,771 units last year and facilitated 28,000 repairs, more than a third of which were pairs of trainers, in its bid to trade in a more environmentally sustainable way. . It also rented more than 2,000 items to customers and sold more than 8,000 parts. Andrew Keith, chief executive of the department store group, which has four stores across the UK – in London, Birmingham and two in Manchester – said the ‘Reselfridges’ initiative was aimed at changing the way people shop. and will form the “backbone of the business”, making up 45% of future transactions. It set a deadline of 2030 to achieve this goal. “We need to commit to a significant and fundamental change in the way we do business and use the Selfridges platform for change,” said Keith. He said Selfridges’ new owners, Thai conglomerate Central Group and Austrian property firm Signa Holding, which completed its takeover of the group from the Weston family for around £4bn this month, were “very excited” about the green plan and The takeover was an opportunity to accelerate some of its goals by “supporting and encouraging” them. He said the first two years of Selfridges’ Project Earth were about experimentation and piloting, with only 5% or 6% of shopper transactions currently based on “circular” models such as resale or repair. Resale will become a more integrated part of the business, responding to growing interest in second-hand fashion platforms such as Depop in the UK and RealReal in the US. The pre-owned market is expected to grow faster than fast fashion in the coming years. In furniture, Ikea and John Lewis have launched resale and rental services. Repair services will now be offered outside of London and it will be easier to book repairs online. The rental, which Selfridges admits has had a fairly limited take-up during the pandemic, will also be expanded into new categories such as children’s clothing, accessories, fine jewelery and menswear, while replenishment services will be made more prominent. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. “The important thing is to encourage people to think about how they can extend the life of a product,” Keith said. “We empower customers to breathe life into their wardrobe above and beyond buying new.”

title: “Selfridges Wants Half Of Transactions To Be Resale Repair Hire Or Replenishment By 2030 Retail Industry Klmat” ShowToc: true date: “2022-12-03” author: “Angel Rogers”

The retailer said it wanted to step up the action after second-hand sales rose 240% to 17,771 units last year and facilitated 28,000 repairs, more than a third of which were pairs of trainers, in its bid to trade in a more environmentally sustainable way. . It also rented more than 2,000 items to customers and sold more than 8,000 parts. Andrew Keith, chief executive of the department store group, which has four stores across the UK – in London, Birmingham and two in Manchester – said the ‘Reselfridges’ initiative was aimed at changing the way people shop. and will form the “backbone of the business”, making up 45% of future transactions. It set a deadline of 2030 to achieve this goal. “We need to commit to a significant and fundamental change in the way we do business and use the Selfridges platform for change,” said Keith. He said Selfridges’ new owners, Thai conglomerate Central Group and Austrian property firm Signa Holding, which completed its takeover of the group from the Weston family for around £4bn this month, were “very excited” about the green plan and The takeover was an opportunity to accelerate some of its goals by “supporting and encouraging” them. He said the first two years of Selfridges’ Project Earth were about experimentation and piloting, with only 5% or 6% of shopper transactions currently based on “circular” models such as resale or repair. Resale will become a more integrated part of the business, responding to growing interest in second-hand fashion platforms such as Depop in the UK and RealReal in the US. The pre-owned market is expected to grow faster than fast fashion in the coming years. In furniture, Ikea and John Lewis have launched resale and rental services. Repair services will now be offered outside of London and it will be easier to book repairs online. The rental, which Selfridges admits has had a fairly limited take-up during the pandemic, will also be expanded into new categories such as children’s clothing, accessories, fine jewelery and menswear, while replenishment services will be made more prominent. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. “The important thing is to encourage people to think about how they can extend the life of a product,” Keith said. “We empower customers to breathe life into their wardrobe above and beyond buying new.”

title: “Selfridges Wants Half Of Transactions To Be Resale Repair Hire Or Replenishment By 2030 Retail Industry Klmat” ShowToc: true date: “2022-12-09” author: “John Hawkins”

The retailer said it wanted to step up the action after second-hand sales rose 240% to 17,771 units last year and facilitated 28,000 repairs, more than a third of which were pairs of trainers, in its bid to trade in a more environmentally sustainable way. . It also rented more than 2,000 items to customers and sold more than 8,000 parts. Andrew Keith, chief executive of the department store group, which has four stores across the UK – in London, Birmingham and two in Manchester – said the ‘Reselfridges’ initiative was aimed at changing the way people shop. and will form the “backbone of the business”, making up 45% of future transactions. It set a deadline of 2030 to achieve this goal. “We need to commit to a significant and fundamental change in the way we do business and use the Selfridges platform for change,” said Keith. He said Selfridges’ new owners, Thai conglomerate Central Group and Austrian property firm Signa Holding, which completed its takeover of the group from the Weston family for around £4bn this month, were “very excited” about the green plan and The takeover was an opportunity to accelerate some of its goals by “supporting and encouraging” them. He said the first two years of Selfridges’ Project Earth were about experimentation and piloting, with only 5% or 6% of shopper transactions currently based on “circular” models such as resale or repair. Resale will become a more integrated part of the business, responding to growing interest in second-hand fashion platforms such as Depop in the UK and RealReal in the US. The pre-owned market is expected to grow faster than fast fashion in the coming years. In furniture, Ikea and John Lewis have launched resale and rental services. Repair services will now be offered outside of London and it will be easier to book repairs online. The rental, which Selfridges admits has had a fairly limited take-up during the pandemic, will also be expanded into new categories such as children’s clothing, accessories, fine jewelery and menswear, while replenishment services will be made more prominent. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. “The important thing is to encourage people to think about how they can extend the life of a product,” Keith said. “We empower customers to breathe life into their wardrobe above and beyond buying new.”

title: “Selfridges Wants Half Of Transactions To Be Resale Repair Hire Or Replenishment By 2030 Retail Industry Klmat” ShowToc: true date: “2022-10-21” author: “Gail Schmidt”

The retailer said it wanted to step up the action after second-hand sales rose 240% to 17,771 units last year and facilitated 28,000 repairs, more than a third of which were pairs of trainers, in its bid to trade in a more environmentally sustainable way. . It also rented more than 2,000 items to customers and sold more than 8,000 parts. Andrew Keith, chief executive of the department store group, which has four stores across the UK – in London, Birmingham and two in Manchester – said the ‘Reselfridges’ initiative was aimed at changing the way people shop. and will form the “backbone of the business”, making up 45% of future transactions. It set a deadline of 2030 to achieve this goal. “We need to commit to a significant and fundamental change in the way we do business and use the Selfridges platform for change,” said Keith. He said Selfridges’ new owners, Thai conglomerate Central Group and Austrian property firm Signa Holding, which completed its takeover of the group from the Weston family for around £4bn this month, were “very excited” about the green plan and The takeover was an opportunity to accelerate some of its goals by “supporting and encouraging” them. He said the first two years of Selfridges’ Project Earth were about experimentation and piloting, with only 5% or 6% of shopper transactions currently based on “circular” models such as resale or repair. Resale will become a more integrated part of the business, responding to growing interest in second-hand fashion platforms such as Depop in the UK and RealReal in the US. The pre-owned market is expected to grow faster than fast fashion in the coming years. In furniture, Ikea and John Lewis have launched resale and rental services. Repair services will now be offered outside of London and it will be easier to book repairs online. The rental, which Selfridges admits has had a fairly limited take-up during the pandemic, will also be expanded into new categories such as children’s clothing, accessories, fine jewelery and menswear, while replenishment services will be made more prominent. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. “The important thing is to encourage people to think about how they can extend the life of a product,” Keith said. “We empower customers to breathe life into their wardrobe above and beyond buying new.”