Inspiring Entrepreneurs: Fashion Retail Reimagined

Online retail sales for textiles, clothing and footwear reached an unprecedented peak of 31% in 2020, as reported by UKFT, and in the UK alone the fashion and textile sector boasts a staggering 34,045 businesses. Now in 2023, the industry of fashion retail is witnessing the emergence of several exciting trends that are revolutionising the shopping experience.

TikTok's live shopping experience, the growth of omni-channel retail, the increasing importance of second-hand fashion, supply chain innovations, and the rise of diversity and inclusivity are reshaping the fashion retail landscape. With these emerging trends, traditional brick-and-mortar shops have been reimagined, giving way to a new era of shopping experiences that seamlessly blend the physical and digital realms.

Our panel of five inspiring fashion experts and entrepreneurs discussed how these changes are influencing the industry and shared valuable insights on leveraging these shifts to your advantage:

Roger Wade, founder of BOXPARK

Josephine Phillips, founder and CEO of SOJO

Maruta Velša, brand manager at By Rotation

Kojo Owusu Marfo, founder of My Runway Group

Winnie Akadjo, founder of LVS Hub