Key Takeaways
- Victoria’s Secret & Co. is committed to women-led sustainable practices, including direct cotton sourcing, circular designs, and waste reduction programs.
- Aloqia’s Resale Feature helped track inventory redistribution efforts globally with integrated payment and logistics management.
- Excess inventory was successfully sold in China, Vietnam, and Sri Lanka markets.
In Summary
Victoria’s Secret & Co. is making significant strides toward a circular business model by repurposing and reallocating excess fabric and materials. In 2023, the company expanded its efforts by partnering with Aloqia (formerly Queen of Raw) to sell leftover production material in key markets such as China, Vietnam, and Sri Lanka leveraging the Resale Feature. These initiatives are part of a broader goal to allocate materials to their highest value channel and prevent textile waste from ending up in landfills, reflecting a commitment to sustainability and innovative waste reduction.
Read the full 2023 ESG Report by Victoria’s Secret & Co., with extra attention to page 64.