The Australian fashion market is constantly evolving, with retail trends this year aimed to redefine the industry. Here are some predictions of what fashion retail trends we will see this year:
Digital Transformation
The growth of digitisation post pandemic looks set to continue this year in the form of a range of experiences to support consumers with their decision making, including:
Virtual try-ons enhanced by AI, leverages AI algorithms and AR technology to generate a digital depiction of an individual's body shape. These platforms enable users to either upload a photo or utilise their device's camera to instantly visualise how a garment would appear on them. Through the analysis of the user's body dimensions, size, and proportions, AI algorithms can precisely replicate the fit and look of clothing, providing users with an authentic preview of their potential appearance in the garments.
We know that Australia closely follows the US and Asia for industry trends. In 2021, a survey by Bizrate Insights found that half of US adults have used or are interested in using AR or VR while shopping. Integrating AR and VR into the shopping experience needs to be seamless for consumers in order for it to gather momentum. This includes integration with creative content, payment systems, supply chains, and delivery services.
The Evolution of Omnichannel Retailing
The lines between online and offline shopping will blur as retailers embrace omnichannel strategies. While this has been well underway for many years, this will continue in 2024 with an integration of brick-and-mortar stores with e-commerce platforms. This will offer customers a cohesive shopping experience across multiple channels.
Sustainable Fashion
Sustainability will remain a top priority for both brands and consumers. Consumers will gravitate towards brands that demonstrate a commitment to ethical and sustainable practices. Many Australian brands are moving towards B Corp Certification such as Bared Footwear, Bassike and Kathmandu. In Australia, more retailers are joining the Seamless Scheme, which plans to transform how clothing is made, used, reused, and recycled to create clothing circularity by 2030.
Inclusive Sizing and Diversity
In Australia, we should expect to see more brands expand their size ranges to cater to diverse body types, while also featuring a wider representation of models in their marketing campaigns. Inclusivity will not only become a moral imperative, but also a smart business strategy as brands tap into underserved markets.
Support for Local and Independent Brands
Along with the rise of conscious consumerism, shoppers will support smaller, independent fashion brands. Consumers will seek out local labels with a brand that resonates for them and provides a greater focus on craftsmanship and quality. Retailers will leverage storytelling in order to differentiate themselves in a crowded market. Otway The Label is a great example of how to build an engaged community through in-store experiences and storytelling.
We’d love to hear about any trends you’ve noticed!
Permanser Consulting - Recruitment Specialists in the Fashion / Textile / Lifestyle / Accessories Industries.
Tanya, Amy & Natalie at Permanser Consulting
E admin@permanser.com.au
P (03) 9654 5988