Parker Lane Group news and archive

Luxury marketplace RLVD.com is launching this summer

The End of Ownership As you are reading this, $2.1 trillion worth of fashion is sitting untapped in wardrobes around the world. At the same time, consumers are buying 70% more in 2020 than in 2014 but are also keeping the items for half as long. How do we make sense of this contradiction? Generation Z, those born from 1997 to 2012, have defined...

FashionPress Release

Parker Lane Group is redefining the recommerce economy by challenging the status quo

Second-hand shopping is certainly not a new phenomenon for businesses and consumers alike. In retaliation to fast fashion and ‘toxic’ retail, recommerce is being recognised as a sustainable new solution to old problems and the idea behind what qualifies as ‘waste’ is starting to change. With the rise of thrifting, upcycling and luxury...

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Business

Advice from PLG: Key mistakes brands are making in inventory management

As the summer season comes to a close and further lockdowns loom, UK-based Parker Lane Group advises brands to look into re-evaluating their inventory management practices. The current pandemic has radically torn the fabrics of the retail market: Pre-pandemic business models no longer apply, and brands must quickly adapt to new norms in order to...

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Business

What are the key challenges facing retailers since stores reopened?

Although retail footfall continues to rise, this recent boost to in-store shopping hasn’t, for the most part, come close to compensating for sales that migrated online. It also fails to resolve the unexpected volumes of inventory brands need to clear. Both trends only set to intensify as we approach what may be the worst recession in UK history....

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Retail

Why re-commercing may be the new retail revolution

Excess inventory is not a new problem, but for retailers now, finding stock exit routes for SS20 collections is an absolute priority. It has changed from an accounting afterthought to a critical role in retail supply chains. Covid-19 has given the fashion industry the unique opportunity to entirely reset its value chains into more sustainable,...