Welcome to Sancho's, where our mission has always been to blend ethical fashion with eco-conscious practices. Today, we dive into a debate that's close to our heart: Is it possible to sell fashion, particularly organic cotton underwear, at low prices without compromising our core values of fair pay and sustainability?
Since our inception, Sancho's has been guided by a fundamental belief: Fashion should not be cheap and exploitative. This principle isn't about exclusivity; it's about responsibility. To ensure fair wages for our makers and to use planet-friendly materials, we need to embrace a fair pricing model. Our ethos is rooted in sustainability and ethical practices, and this is reflected in every product we offer.
However, even the best-laid plans encounter practical realities. In the world of retail, overstocking is an inevitable challenge. Over our 9-year journey, we've remained steadfast in one policy - never throwing out stock. Instead, we've adopted a more sustainable approach: loss-making storeroom sales. These sales aren't just about clearing space or freeing up cash; they're a testament to our commitment to sustainability and ethical consumerism.
Take, for instance, our fair trade standard organic cotton underwear. It costs us £6 to procure each item. When we price them at £3 during these sales, we incur a 50% loss per item. Clearly, such prices are unsustainable for us as a business in the long run. However, there's a silver lining. These periodic sales make our products affordable to a wider audience, allowing more people to experience and support ethical fashion.
This storeroom sale is particularly special for us at Sancho's. It marks our first step towards raising capital for our ambitious plans this year. While it's too early to unveil these plans, we are overflowing with gratitude towards every customer who makes a purchase. Your support is not just a transaction; it's an investment in the future of Sancho's 2.0.
We are envisioning a Sancho's that's greater than ever - a hub of ethical fashion that doesn't just sell products but embodies a movement towards a more sustainable and fair world. Each purchase during our storeroom sale is a step closer to this dream.
In conclusion, while our £3 organic cotton underwear might seem like an anomaly in our pricing policy, it's a strategic and thoughtful decision aligned with our core values. It's about striking a balance - maintaining our ethical standards while making sustainable fashion more accessible.
At Sancho's, we believe in fashion that's fair, sustainable, and inclusive. Join us in this journey, and let's make a difference, one garment at a time.
Thank you for being a part of Sancho's story. Your support fuels our passion and brings Sancho's 2.0 closer to reality. Stay tuned for exciting updates!
Warm regards,
Kalkidan
Chief Fashionista - Sancho's
