Money Talks: Rags to riches
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 5 January 2022
⏱️ 31 minutes
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Summary
How did second-hand clothes become fashion’s hottest buy? Online resale and rental firms are changing the calculus on what it means to buy fashion “as an investment”. Host Alice Fulwood speaks to entrepreneurs and economists to find out how technology is creating new markets and why consumers are saying out with the new and in with the old.
With Eshita Kabra-Davies, founder of By Rotation; Francesca Muston, vice president of fashion at forecaster WGSN; James Reinhart, founder of thredUP; Professor Alvin Roth, economist at Stanford University and Julie Wainwright, founder of The RealReal.
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Transcript
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| 0:00.0 | With so much uncertainty in the world, businesses need a solid plan that they can implement |
| 0:04.8 | quickly. |
| 0:05.8 | A plan that's ambitious enough to drive the scale of transformation with practical solutions |
| 0:10.4 | to provide real-world results. |
| 0:12.5 | With over 9,000 professionals in 120 countries, the EY Parthenon teams help businesses realise |
| 0:18.5 | their strategy with speed and certainty. |
| 0:21.2 | To learn more about EY Parthenon's individual approach to strategy and tech-enabled transformation, |
| 0:26.8 | research, EY Parthenon and real-world strategy now. |
| 0:34.6 | And just like that, three months later, I was back in heels. |
| 0:41.2 | For fashion addicts, the long-awaited reboot of Sex and the City, and just like that, |
| 0:46.6 | will be comfortingly familiar. |
| 0:48.4 | You even own a flat shoe? |
| 0:50.2 | Yes. |
| 0:51.0 | Carrie Bradshaw is back in her pristine Manolo Blanox, with not a sweat pant or face mask |
| 0:56.4 | in sight. |
| 0:57.9 | Every scene, there's a new outfit. |
| 1:00.4 | Every outfit is my newly dissected and analysed. |
| 1:03.6 | I need your honest opinion. |
| 1:05.6 | You can't afford them. |
| 1:06.8 | But something has changed. |
| 1:09.6 | To dress the ultimate shopaholic for this series, the costume designer's teamed up, |
| 1:14.4 | not with a company selling fresh off the catwalk designer must-haves, but with thread-up, |
... |
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