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As retailers have struggled to navigate changes in consumer behavior and economic uncertainty brought on by the pandemic, one area has seen continued growth: recommerce. Recommerce checks many boxes for both consumers and businesses. Consider that 223 million consumers say they have or are open to shopping secondhand products.
Last November, international fashion resale platform Vestiare Collective shocked the apparel industry by banning the trade of ‘fast-fashion’ labels. Wone, who joined Vestiaire Collective in March 2020, said the ban underlines Vestiaire Collective’s founding mission – to drive collective change towards a circular fashion economy.
Australian online clothing rental company GlamCorner is adapting its offering as more brands look to launch their own branded rental service amidst major changes in consumer behaviour. This resonates with younger consumers in particular. Overall, 57 per cent agree that buying too many fashion items is bad for the environment.
That hasn’t slowed its sales momentum as the fastfashion retailer offers prices still seen as a value in the market. “We expect Inditex’s sales outperformance to widen in a downturn, as it did in the financial crisis of 2008 and 2009,” said RBC analyst Richard Chamberlain. ”
Meanwhile, NRFs vice president of industry and consumer insights Katherine Cullen, PwCs global retail leader Kelly Pedersen, Happy Returns chief operating officer Timothy Fehr and Pinterests director of consumer product marketing Rachel Hardy discussed emerging consumer trends in 2025.
Boasting a large selection of everything from ultra-affordable party dresses to £1 bikinis, this fastfashion e-tailer was the preferred choice of the Love Island cast and everyone who wanted to be on the show or wished to look like those on the show. Missguided was once Britain’s most visited online retailer. Self-inflicted wounds.
Budget conscious consumers flocked to the retailer to buy its inexpensive clothing. Then UNIQLO had another moment in 2009 when it launched its “ultra light down” jackets. Chinese consumers have taken to UNIQLO because it offers classic apparel at reasonable prices which is a good fit for the growing middle class in China.
In the world of high-end fashion resale, few names stand out as prominently as Vestiaire Collective – a marketplace that has revolutionised how consumers buy and sell pre-owned luxury items.
“Fastfashion is not free. Someone, somewhere is paying the price.” – Lucy Siegle The fastfashion industry is hardly new, but the recent rise of international powerhouses has sparked new conversations and insights into the industry. But how, and why, are these fastfashion superpowers making so much money?
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