The Monthly Edit | August 2024
Navigating the ups and downs of business—be it retail, wholesale, or multi-channel—can be challenging. It’s crucial to stay connected with our community, focus on our mindset, upskill, and seek support from those who understand our industry.
To elevate our businesses, staying informed and connected is vital. Dive into our curated August 'Monthly Edit' filled with valuable resources to help you tackle business challenges and embrace new opportunities.
Author: Elizabeth Formosa | 26 Aug 24
Industry News
Country Road has joined Seamless!
Country Road is dedicated to its ongoing vision of creating a positive environmental and social impact by becoming a member of Seamless, Australia's first clothing stewardship scheme.
Launched in 2024, Seamless aims to create a circular clothing industry by 2030, transforming how Australians choose, enjoy, and recycle clothing. This initiative focuses on sustainable sourcing, reducing waste, and fostering ethical partnerships. By collaborating with organisations like Oritain and Cotton Australia, Country Road ensures transparency and accountability in its supply chain, reflecting the brand's commitment to responsible fashion and a lasting difference for the planet and its communities. Explore more about these impactful efforts and partnerships here.
Country Road joins Seamless Clothing Stewardship Scheme in 2024 - Image via Country Road
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INDUSTRY REPORTS
Image via Shopify
In the rapidly evolving retail landscape of 2024, Shopify's Australian Retail Report offers invaluable insights into emerging consumer behaviours and technological advancements. With 79% of consumers cutting back on spending and 99% of retailers planning to invest in innovation, the report underscores the critical importance of adapting to new market dynamics. Key themes include the rise of omnichannel shopping, enhanced customer loyalty strategies, and the growing role of AI and automation in driving business efficiency.
Download the full report to stay ahead of these trends and capitalise on new opportunities.
Image via Melbourne Fashion Week
INDUSTRY EVENTS
M/FW 2024 will be held from Monday 21 to Sunday 27 October 2024.
M/FW is renowned for showcasing emerging, independent, and established designer brands, driving strong visitation, retail sales and a significant economic impact to a range of businesses across the city.
M/FW connects runway to retail, with most looks featured in showcases and exhibitions available for purchase from local Melbourne retailers. The week-long celebration of fashion will see runways and a diverse range of fashion experiences take over unique and unexpected spaces, featuring over 300 designers and retailers across 100 events.
BUSINESS OPTIMISATION INSIGHTS
Our Guest Expert of the Month
Carly from Studio Carly, Fashion Branding and Shopify Specialist, discusses Brand First Marketing, avoiding a messy Tech Stack and the latest Shopify Apps to help your Ecommerce business scale at any size.
Carly Stirling at Studio Carly
Podcasts & Books to Elevate Your Business
One Wild Ride with Pru Chapman
A place where personal stories collide with good businesses and positive impact.
Pru is part of a growing movement of conscious entrepreneurs using business as a force for good.
Retail Therapy with Paul Zahra
Join CEO, Paul Zahra for some Retail Therapy, as we navigate our way through the retail industry - Australia’s largest private sector employer.l
Fashion Business Mindset with Elizabeth Formosa
Fashion Business Mindset is your FROW seat to 'real' stories from Brands, Designers, Entrepreneurs, Makers and Mentors.Hosted & created by Elizabeth Formosa.
What we’re reading: Hanging By a Thread
Hanging by a Thread by Erin Deering takes a vulnerable deep dive into success and the challenge of caring for your mental health while in pursuit of your dreams. From getting scammed out of $50,000, trying to illegally cross the border into China, meeting with elite private equity firms with a three-month-old baby in tow and even experiencing the Kardashian-Jenner-kiss-of-death, Hanging By A Thread shares what it was really like behind the closed doors of one of Australia's young start-up success stories, and to be a woman on the edge of a nervous breakdown.
What we’re reading: Profit First
By Mike Michalowicz. Profit is not an event. Profit is a habit. This book will show you exactly how to do it.
Tap into our Continued Partnership with WGSN!
Want to access WGSN, the #1 Global Trend Forecaster and Analytics platform?
This is a UNIQUE and INVALUABLE opportunity to elevate your business.
By becoming a member of our community you can tap into this powerful resource that will give you access to global analytics and industry best practice resources that will empower you to embark on the future of fashion.
Contact Elizabeth directly at elizabeth@fashionequipped.com.au to learn more about these leading platforms and how we can help you gain immediate access.
Image Via WGSN
