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

Retail TouchPoints

Perhaps more important is the fact that of those first-time buyers, 76% said they plan to increase their spend on secondhand in the next five years. Growing Sustainability Concerns Favor Resale Over Fast Fashion. It appears that much of that growth will come at the expense of fast fashion. said Clark.

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Why Nike is putting used sneakers back on the shelf

Inside Retail

The brand plans to expand the Refurbished program to more US stores throughout 2021 and beyond. 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.

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From bikinis on a kitchen bench to global resort wear brand, Bydee boomed 700pc

Inside Retail

“I studied a Bachelor of fashion and textiles and from there I started doing market stalls and that’s the first iteration of the formal business side of things,” she said. In 2016 Hairis quit her retail job to focus on Bydee, “I thought, okay, well, I can make a career out of this,” she said.

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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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Primark unveils adaptive clothing partnership with Victoria Jenkins

Retail Gazette

Further details of Jenkins’ partnership with the fast fashion giant, brought together by PDS Radius Brands founder Damian Hopkins CBE, are set to be revealed later in the year. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. In the 2000s the internet met fast fashion, and a slew of new competitors began to emerge.

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

Inside Retail

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. The group currently operates more than 400 physical stores worldwide.

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