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Study: Resale to Hit $47B by 2025, Giving Fast Fashion a Run for its Money

Retail TouchPoints

Consumers bought less clothing during the pandemic, that we know for sure, but we also saw that many people tried secondhand for the first time ,” said Karen Clark, VP of Marketing Communications at ThredUP in an interview with Retail TouchPoint s. Growing Sustainability Concerns Favor Resale Over Fast Fashion.

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Why Nike is putting used sneakers back on the shelf

Inside Retail

“From a customer perspective, resale is driven by a wish to get one’s hands on desirable fashion items at a lower price as well as experiencing the fun of treasure hunting for something unique,” Anna Forster, sustainability strategist and co-founder of The Purpose Agents, told Inside Retail. “At ” How Nike Refurbished works.

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“Steal with pride”: How Officeworks and Woolies are tackling sustainability

Inside Retail

Consumers hold firm expectations that environmental sustainability and social responsibility should be at the forefront of everything from executive strategy, to day-to-day operations. This is set to become even more important as Gen Z becomes the dominant consumer audience. Here’s a snapshot of this discussion.

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Why cultural appropriation keeps happening — and how to fix it

Inside Retail

Spanish fast fashion giant Zara made headlines for all the wrong reasons last month when Mexico’s Ministry of Culture accused it of using embroidery patterns distinctive to the Mixteca community of Oaxaca in its garments without credit or benefit to the Indigneous community.

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Chinese fashion brand Urban Revivo ramps up store openings in Southeast Asia

Inside Retail

When consumers visit our stores, I hope its not just about buying clothes. Founded in 2006 with the launch of Urban Revivo in Guangzhou, FMG has grown into a major player in Asia’s fashion landscape, going toe-to-toe with established fast fashion brands like Zara and H&M.

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Unconventional luxury brand collaborations are everywhere. Here’s why

Inside Retail

Part of the reason is their success with young Asian consumers, who are driving demand for luxury consumer goods. We wanted to investigate why this strategy appeals to Chinese luxury consumers of the post-1990s generation. These collaborations are becoming increasingly popular, especially with Chinese consumers.

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Fashion rental is back: Designerex looks to raise funds as demand surges

Inside Retail

Co-founder and co-CEO Kirsten Kore says the business is in the “right place at the right time” to capitalise on consumers’ growing interest in sustainable alternatives to fast fashion, such as rental. According to FMI, global online clothing rental sales are expected to grow 11 per cent CAGR between 2021 and 2031.

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