Xperience Shopping brings sustainability and personalization to online fashion while helping shoppers find the perfect clothing size. We are building a future where fashion brands can use body scanning technology not only to improve their balance sheet, but also ensure customer lifetime value and make an environmental impact.
With 90 Billion dollars worth of apparel inventory returned back, Fashion-focused retailers are hit hard as customers swap in-store dressing rooms for the privacy of their own homes:
48% of U.S. shoppers 'bracket' their online purchases, meaning they buy multiple versions of an item to try on at home and return back items.
For example, Revolve did $499 million in sales last year but spent $531 million on returns, after accounting for processing costs and lost sales.
25% of returned items are thrown away by retailers because it is the cheapest available solution.
Transportation for returned goods contribute tremendously to carbon emissions.
30% of returned items are actually resold, often because retailers have to wait until the next fashion cycle.
Globally, the fashion industry is responsible for 10% of all greenhouse gas emissions, with textile production alone estimated to release 1.2 billion tons of greenhouse gases into the atmosphere every year
Worldwide, approximately 17 billion items are being returned every year. This totals to 4.7 million metric tons of CO2 emitted yearly , and if we are able to decrease that figure with just 10%, it would be the equivalent of the power used by 57.000 US homes for an entire year.
Around 85% of all textiles are thrown away in the US – roughly 13 million tons in 2017 – are either dumped into landfills or burned in pre-sales.
Vast amounts of water are also needed to produce the clothes we wear too and the fashion industry is responsible for 20% of global waste water.
By 2030, we are expected as a whole to be discarding more than 134 million tons of textiles a year due to product demand.
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