In a first for luxury retailers, Net-A-Porter is launching a resale platform for its menswear, Mr Porter Resell. While catering to desires for fashion that lasts, the addition of tailoring to refresh clothes maintains luxury elements, showing opportunities to add extra services for luxury consumers.

With the cost of living rising, people are reevaluating their budgets, prioritising essential expenses and curbing more recreational spending. For Britons, staying financially fit amid inflation means spending less on non-essential pleasures, such as eating out, apparel, and travel.

Amid a supply chain crisis and geopolitical instability, the start of 2022 has seen many Americans experience a sudden rise in everyday costs. What tactics are they employing to cope with this increase, and how can brands both manage their bottom lines and better serve their customers?

As people become more aware of the environmental impact of their consumer habits, there is a greater incentive to buy second-hand. Adopting principles of the circular economy, Twig has launched a free banking app that allows users to trade their pre-loved goods for instant cash.