Thimo Schwenzfeier, Show Director at Messe Frankfurt, responsible for Neonyt, the global hub for fashion, sustainability, and innovation during the Berlin Fashion Week. Credit: Messe Frankfurt
Opinion

After corona, more than ever: The future of retail is sustainable

“Fridays for Future, Earth day or the Fashion Revolution Week are just a few examples of a young, global movement that is only just beginning to fight for its market relevance.”

By Thimo Schwenzfeier

When the Dutch trend researcher Li Edelkoort recently talked in favor of consumption from his quarantine, retail was already locked and loaded to somehow make up for the lost weeks. However, there is one issue that got a little drowned out in the current crisis, even though it was the clear #1 issue at consumer goods fairs at the beginning of the year: Sustainability.

The Neonyt, the world’s most relevant fair for sustainable fashion during Berlin Fashion Week, reported absolute record numbers. 23 percent more exhibitors and twice as many industry visitors as in summer of 2019. The increase in the conventional retail sector was particularly striking. Sustainability is the most exciting topic for retail, even though there are still many questions that need to be answered. Starting with the myriad of seals and certificates to the insecurity when it comes to range design–green and sustainable labels mixed versus green corners–as well as from margins to additional and intermediate supplies and POS support. A learning from January was that many sustainable brands have done their homework.

Consumers are also very much attracted to sustainability. 57 percent of Germans are strongly interested in green products. But only 41 percent feel well informed about the options for sustainable consumption. Particularly the target group of 16- to 29-year-olds is in need of significantly more information.

This is exactly the advantage that stationary retail has over e-commerce. One-on-one consultations convey a product’s history–even from a distance. Consumers can be made aware of the positive attributes of sustainable products if they are staged appealingly and informatively. In addition, retailers can position themselves as being future-oriented with the corresponding communication. They provide customers with the seemingly lost, good feeling that shopping can give them and which they have been searching for years. A lost feeling that drove them more and more into the arms of online providers.

It is important to accept that sustainability is not a short-lived trend. This issue will not just go away to make room for the next hype. Even though the focus has currently shifted a bit due to the corona crisis, sustainable consumption will come back even stronger after the crisis. Fridays for Future, Earth day or the Fashion Revolution Week are just a few examples of a young, global movement that is only just beginning to fight for its market relevance. Retailers and brands that identify with this issue sincerely and early on, and base their positioning on it, will also be successful in the future.

Hopefully, consumption will soon be able to leave its quarantine behind completely. And then we are on our way towards a sustainable future. Li Edelkoort said right before the crisis that this way is a source of hope. Very entertaining and with lots of challenges, but not frightening.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Opinion MORE

Multi Poland: Marketing is a Key Value Driver for Real Estate Assets

In times of unpredictability, marketing spending is usually the first candidate for budget cuts. Marketing management in the commercial real estate sector must be highly focussed on the issues that are fundamental to the business of property owners which directly contributes to increasing their value.

Chase The Right Numbers

Racing after numbers, reading year-end reports, statistics and percentages: this chase is not but characterized by a kind of tunnel view, which limits the possibilities of growth. If you want to adapt, you need to consider every aspect of your target audience to keep on top of the changes in consumer behavior. Footfall is reflecting your detailed expertise, not producing it. What businesses need is direct connection to their customers: establish a relationship, explore needs and demands, and use the right tools to aid this pursuit.

Why outlets are the place for the independent retailer

Since the beginning of the pandemic, the message to the UK has been to shop local and support your community during the incredibly difficult period that we all faced. Even as town and city centers began to open up again, independent retailers have maintained their position in the spotlight of the retail industry, be it bricks and mortar or online.

Focus buys Turawa Park shopping center in Poland

Ukrainian real estate investor Focus Estate Fund has acquired the Turawa Park shopping center in Opole, southern Poland, from Edinburgh-based Abrdn for an undisclosed sum.

It is time for shopping centers to embrace e-commerce

“It is imperative for shopping centers to become part of the e-commerce economy; otherwise, your business will decline in the upcoming years.”

When there’s a will, there’s a way: The path to net zero carbon retail real estate

“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: Either we stop it–or it stops us. It’s time to say: enough.”