Asos Marketplace

Business Case

Last updated: Sep 1, 2021

Summary

ASOS Marketplace launched in 2010, and has now become a widely used online platform for independent brands and vintage boutiques. They now represent over 800 boutiques including Hanger Vintage, Hunger Vintage, Old but Gold Vintage, Atlas Vintage, Snake Cake Vintage and many more.

Problem

The rapid purchase-to-discard ratio of fast fashion and piling up of clothing in landfills, often made from synthetic materials which do not decompose easily. When consumers throw away clothing in the garbage, not only does it waste money and resources, but it can take 200+ years for the materials to decompose in a landfill. During the decomposition process, textiles generate greenhouse methane gas and leach toxic chemicals and dyes into the groundwater and our soil. There is also the unmet potential of clothing which could be resold, and its lifetime extended- as opposed to manufacturing new clothing which requires more energy and water use, and is associated with more carbon emissions. Finally, there are lack of incentives for people to responsibly pass on/resell their unwanted clothing due to the associated costs- be that time or monetary (e.g. shipping).

Solution

Asos Marketplace addresses these problems through providing their customers with a curated second-hand marketplace alternative, thus encouraging buying second hand and hopefully diverting ‘new new’ purchases, and hopefully slowing down resource depletion.

Location

Industries

Involved organisation(s)

Attachments and links

Contributors

Owner

Date added: Aug 6, 2021

Last updated: Sep 1, 2021

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