A very interesting blog post on the FT about changes in the fashion industry caught my attention and I wanted to share the most subversive etail initiative I have ever heard about.
www.honestby.com is the brainchild of Belgian designer Bruno Pieters. The site will sell a collection of 56 pieces for men and women. But what is groundbreaking about it is its transparency. It is transparent both financially and in terms of manufacturing.
By the time you press “buy” you will know exactly what you are paying for – everything from the material used, weight, who spun it, whether it is organic, a website for the supplier and so on – and you will find this for the fabric, the zipper, the lining, the trim, the label, the buttons, the thread etc. Under “price information” you will find out the cost per meter of the fabric, how much was ordered, how much was used, how much labour was involved, what the mark-up was, and how the profit was used.
High-end fashion has historically been a business built on opacity. Things cost what they cost and the less the consumer knows about the literal value of these, the better off the brands are and the more they can charge. It is precisely this attitude that Bruno wants to change as he thinks it breeds consumer mistrust – and why he wanted absolute clarity in his own brand. He has even gone so far to have said that if orders go up and he achieves economies of scale, his prices will come down.
It seems to me this has the potential to be a real game-changer in fashion, because if consumers get used to having this sort of information available, who knows, maybe they could start demanding it from other brands…