Last weekend, I went into a clothing store for the first time in months.

And I noticed that the cost of suit jackets, even for luxury brands like Hugo Boss, was significantly lower than I remember.

Yes, there are sales on everywhere to try and get people to spend money at retail again, but this was different.

Perhaps the increase in remote working is bringing a different change to the fashion market.

Everyone has made jokes about how they are on Zoom video calls wearing sweatpants or pyjamas under the table.

No Pants Suit Jacket

The new “Zoom Business Casual”

But perhaps there is a wider trend here, which brings to light how the men’s fashion market has a new competitor: Zoom.

Or to be more specific, the new ways of working which video-collaboration software like Zoom, Slack, Microsoft Teams and Google enable.

If large companies do indeed see that their staff can be productive while working from home, there will likely be more flexibility in how often professionals are expected to go to the office.

And just as importantly, the question of how often business travel is actually required, when you can now meet clients virtually and still conduct business effectively.

One result of this is that people (especially men) are likely to require fewer clothes specifically for the office, like business suits, ties and leather shoes.

And therefore, the remote working industry could disrupt the fashion industry.

It is just another example of companies not necessarily realising who their real competition is. It is not just other companies who produce what you do. It is consumers thinking they don’t need your products at all.

Idea to Value Podcast: Listen and Subscribe now

Listen and Subscribe to the Idea to Value Podcast. The best expert insights on Creativity and Innovation. If you like them, please leave us a review as well.
Apple Podcasts
Google Podcasts
Spotify
Stitcher

Did you know that scientific evidence shows your creativity decreases over time
The following two tabs change content below.
Creativity & Innovation expert: I help individuals and companies build their creativity and innovation capabilities, so you can develop the next breakthrough idea which customers love. Chief Editor of Ideatovalue.com and Founder / CEO of Improvides Innovation Consulting. Coach / Speaker / Author / TEDx Speaker / Voted as one of the most influential innovation bloggers.