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

Retail TouchPoints

Growing Sustainability Concerns Favor Resale Over Fast Fashion. It appears that much of that growth will come at the expense of fast fashion. consumers in the next 10 years, fast fashion’s portion will remain roughly flat. Fast fashion and thrift are very similar in a lot of ways,” said Clark.

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Missguided, alas: UK fast-fashion label collapses owing millions

Inside Retail

UK-headquartered online fast-fashion retailer Missguided has collapsed after a last-minute rescue backed by rival Boohoo – and potential bids by Shein, JD Sports and Frasers Group – all fell through. The post Missguided, alas: UK fast-fashion label collapses owing millions appeared first on Inside Retail.

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Missguided, alas: UK fast-fashion label collapses owing millions

Inside Retail

UK-headquartered online fast-fashion retailer Missguided has collapsed after a last-minute rescue backed by rival Boohoo – and potential bids by Shein, JD Sports and Frasers Group – all fell through. The post Missguided, alas: UK fast-fashion label collapses owing millions appeared first on Inside Retail.

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H&M to quit Westfield Bondi Junction after lease negotiations break down

Inside Retail

Fast-fashion giant H&M is to close its high-profile store at Westfield Bondi Junction in Sydney’s eastern suburbs, unable to agree on lease terms with owner Scentre Group. The 1800sqm store opened on August 27, 2016, and at the time was the brand’s sixth store in NSW.

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H&M to quit Westfield Bondi Junction after lease negotiations break down

Inside Retail

Fast-fashion giant H&M is to close its high-profile store at Westfield Bondi Junction in Sydney’s eastern suburbs, unable to agree on lease terms with owner Scentre Group. The 1800sqm store opened on August 27, 2016, and at the time was the brand’s sixth store in NSW. .

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Why Nike is putting used sneakers back on the shelf

Inside Retail

According to ThredUp, a digital platform in the US that enables consumers to buy and sell secondhand clothing, the resale market grew 21 times faster than the retail market overall in 2016-2019, and is expected to be worth US$51 billion by 2023. The Gen Z and younger millennial consumer is already accustomed to this,” she pointed out.

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

Inside Retail

Meanwhile Holt, who was appointed general manager of sustainability, health and quality at Woolworths in 2016, explained that the team would discuss plans at length in order to determine which initiatives would resonate with customers, and actually work. “My

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