From the Eyes of a UBC Student

The True Cost of Looking Good

Fast fashion has revolutionized the fashion industry. It has completely changed the retail space and the way the entire industry functions. Fast fashion is a term coined by the fashion retails to express that new designs now go from the runways to the stores at such fast speeds in order to capture constantly changing consumer trends. This is a way for retail stores to sell more clothes, in shorter periods of time, to more customers then ever before. However, the more new clothing we buy in such a short period of time, the quicker we get rid of our old ones. As the turnover increases, so does the amount of waste. The environmental impact from our excessive buying behaviour is hard to believe.

Companies leading the fast fashion industry include: Forever 21, H&M, Top Shop and Joe Fresh just to name a few. By pricing their products so low, it is impossible for these companies to fully cover the entire cost of the product, unless they sell fast and in huge quantities. However, even if they do so, there are many other costs that these companies need to take into consideration. Post purchase costs are a concern that many of these companies do not consider.

H&M is trying to make a change with their “Garment Collection Program”.

For the full details on the program feel free to look at this think below:

http://about.hm.com/en/About/sustainability/commitments/reduce-waste/garment-collecting.html

This program is trying to counter-balance the environmental impact of H&M’s fast fashion turnover strategy. By incentivising customers to recycle their used H&M clothing when they feel it is time to replace them, H&M is trying to incorporate a more sustainable model into their business.

Is it enough? I do not believe so. H&M’s entire business model is built on buying clothing for the short run. They sell clothing that are cheaply made and cheaply priced so customers do not feel bad when they simply dispose of their clothing after merely a few months of wear. By incorporating this recycling program, H&M is taking a step in the right direction, however they still have a way to go.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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