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Since the 1990s, fastfashion has enabled everyday people to buy the latest catwalk trends. Now, just when the fashion industry should be waking up and breaking free of this vicious cycle, it’s heading in the opposite direction. We’re on a downward spiral, from fastfashion to ultra-fastfashion.
Resale — the segment of the secondhand market that ThredUP defines as offerings with more curated assortments — is expected to account for more than half of that total, $47 billion , by 2025. Growing Sustainability Concerns Favor Resale Over FastFashion. Fastfashion and thrift are very similar in a lot of ways,” said Clark.
We conducted in-depth interviews with 21 women who buy “fastfashion” – “on-trend” clothing made and sold at very low cost – to find out how much they think about the conditions of the workers who make their clothes, and and what effort they take to avoid slave-free clothing. Read the original article.
The value of luxury and premium fashion goods is often in their design, storytelling and product quality. But recently, fast-fashion brands including Zara, H&M, Mango, Urban Outfitters and Topshop have been testing limited-run premium collections in addition to their regular and frequent product drops.
With Zara-owner Inditex and H&M set to disclose their most recent sales results, investors will be focused on one major question: how are the two fast-fashion pioneers responding to the current market leader, Shein? Shein accounted for nearly one-fifth of the global fast-fashion market in 2022, outpacing Zara and H&M.
Global emissions from transportation account for approximately 16%, and plastics 4%, of total greenhouse gas emissions. These struggles to improve manufacturing processes are most visible in the textiles industry given the “fastfashion” trend — rapidly producing large volumes of inexpensive garments designed to capitalize on style trends.
For example, 60% of customers say they would be willing to pay more for a product with sustainable packaging, so it is paramount that businesses stay with the times and account for these shifting consumer preferences. One industry with a particularly negative environmental impact is the retail industry.
An American freelance artist has sued Chinese fast-fashion retailer Shein for US$100 million, alleging the company copied her artwork without permission. She further related accounts of four other artists who discovered their artistic works had been used on products being sold by Shein online.
Launching in 2021, Alder & Green is re-establishing what a modern menswear brand should be, by developing responsible men’s shirts and accessories to encourage consumers to buy less and buy better. The clothing industry accounts for over 10 per cent of global carbon emissions. The new 480sq ft.
This is probably because consumers are more interested in continuing to get technically superior and trendy clothes (and cheap ones in the case of fastfashion), than they are in environmental or social impacts. Lululemon is pumping out strong revenue growth, particularly internationally.
Amid the rise of fastfashion and social media platforms accelerating consumptive behaviour, it appears that many Australians aren’t wearing or re-wearing the clothes they purchase. This was highlighted by the Fashion Resale Report from online retailer Reluv and Monash University. Consumer behaviours will also inevitably change.
The offer is also seen as an expansion of the business’ successful click-and-collect offer, launched last year, which now accounts for up to 20 per cent of online orders. The demand is there to get the product straight away, but not everyone can necessarily go to their local store to pick it up,” he explained.
Sustainability has become a top priority for investors and consumers concerned about the looming climate crisis – and the fashion industry, one of the leading creators of global emissions, is increasingly focused on portraying its green cred.
Robert Moore, CEO of leather goods and accessories brand Mon, said that the brand saw 100 per cent growth in November compared to the month prior, and that Black Friday and Cyber Monday accounted for over 40 per cent of monthly sales. She also said that electrical products such as air-fryers and Dysons were popular.
alone, secondhand apparel accounted for $43 billion in sales in 2023, and it’s expected to reach $73 billion by 2028. and Latin America by encouraging reshoring and nearshoring, and it includes over $14 billion in incentives to “catalyze domestic circularity” in the apparel, footwear and accessories industries. In the U.S.
Over the past 18 months, privately-held Shein, whose official name is Zoetop Business Co, has taken the fast-fashion world by storm. The company’s Instagram and TikTok accounts have more than 23 million followers, many of them young women showing off its cheap clothes, such as $9 dresses and $15 shoes.
Thrifting has been a part of fashion culture for decades. The internet’s early marketplaces, such as eBay, catapulted secondhand clothing and accessories to a new level. The other report shared that fastfashion brand Shein’s largest consumer group is Gen Z women motivated by price and online shopping.
It has fallen onto Horowitz to reposition the A&F brand and target a slightly older target market of 21- to 24-year olds, leaving sister brand Hollister – which actually accounts for 60 per cent of the group’s sales – to focus on the teen market.
The Chinese fastfashion giant may be one of the most downloaded fashion apps around the world, but it continues to maintain a low corporate profile. Ask any consumer to name a fastfashion retailer and they probably think of H&M, Zara or Gap. Fastfashion, but slow deliveries.
UK-based fastfashion brand Boohoo recently announced that it had tapped US celebrity and influencer Kourtney Kardashian as its “sustainability ambassador” and launched a “sustainability journey” campaign that included a capsule collection and mini-series. “A spoiler alert for everyone: you can’t.
To O’Loughlin, having a number of external partners on such a project not only makes it easier to complete, but also provides a level of accountability that can be difficult to achieve in a wholly internal project. We know that we have a responsibility.
Valued at US$100 billion ($150 billion) , fastfashion brand Shein is in hot water after a recent Channel 4 documentary hosted by British journalist Iman Amrani, Inside The Shein Machine , lifted the veil of secrecy behind the corporation’s operations in China. The next step. A race to the bottom.
Leather totes were a go-to silhouette at FW24 shows and should be prominent in future accessories buys. Stanley Cup mania has transformed drink bottles into fashionaccessories and proven how low-price everyday objects can become viral sensations. This story first appeared in the June 2024 issue of Inside Retail US magazine.
Online fast-fashion retailer Shein and its newer rival Temu are in a race to win shoppers’ attention for their inexpensive China-made goods. The battle between them is playing out not only on social media but also in a US court. “I am not with Shein anymore,” one influencer said in a February post on TikTok.
The Fashion Sustainability and Social Accountability Act (or Fashion Act) would apply to global apparel and footwear retailers and manufacturers with annual revenues of more than US$100 million that do business in New York.
Last year’s must-have dress, yesterday’s flares and countless other Western castoffs are strangling the Global South, prompting calls for fastfashion to pay the price for rampant overproduction. Fashion reparations?
And with concern around the rights of animals driving these purchases, he rightfully questions why the cruelty-free label doesn’t always take into account the human cost of making these products. Cruelty-free fashion. The cruelty-free movement is rapidly gaining momentum across food, fashion, beauty and other categories.
Fastfashion retailer Shein found two cases of child labour at its suppliers last year, it said in its 2023 sustainability report, as it stepped up audits of manufacturers in China to assuage criticisms of its low-cost business model ahead of a planned flotation. Reporting by Helen Reid; Editing by Jan Harvey, of Reuters.
We are also committed to being honest and frank about our progress, so that we can be held accountable and to provide clear and evidence based information to our customers. IR: There has been a lot of criticism of fastfashion brands lately in terms of their lack of sustainability credentials.
In a statement via its official account on Weibo, a local social media platform, the brand explained that its departure was due to an “adjustment of the brand’s global strategy”. The next retailer that looks to be in trouble is fast-fashion titan H&M. Last August, Urban Outfitters announced it was exiting China temporarily.
What inspired us to be more accountable for sustainability is from the core of our business, that is based on the traditional format of the optical retail business rather than the fast-fashion optical business format. SW: Fairly said, we haven’t yet implemented robust actions to reduce our carbon footprint.
H&M grew its online business by 24 per cent last year to the point e-commerce now accounts for about one-third of its total sales. In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its net profit nearly seven-fold to US$1.5 billion.
We all know those great Aussies fashion start-up stories, those household names who cut their teeth in the city markets,” John said. The potential for Inkse in Australia is great, our research shows a significant number of Aussies are looking for help to start a fashion business.
This means that any fashion brand wishing to sell goods in the US must have complete oversight of its supply chains, from farm to manufacture, and be able to prove it to US Customs at the time of import. Since the Xinjiang region accounts for 20 per cent of the world’s cotton production, many brands are at risk of being implicated.
Internal research by Unspun has found that the production of one kilogram of fabric generates 23 kilograms of greenhouse gas emissions (GHG), and garment manufacturers account for 20 per cent of global industrial water pollution. There is also an element of taking responsibility and maintaining accountability,” she concluded.
The fast-fashion brand, whose parent Inditex reports quarterly results on Wednesday, is investing in new ways to engage shoppers as analysts expect sales to grow less strongly after an extraordinary post-pandemic surge.
Along with clothing, Ader Error’s highly coveted pieces extends to accessories, and this year the brand officially ventured into footwear for the first time. According to founder and creative director DoHun Kim, nearly 40 per cent of the business can be attributed to wholesale, while direct retail accounts for 60 per cent.
As part of the deal, PixelForce is building a Shopify app that will enable designer fashion brands to show customers exactly how much they could earn if they rented out items on Designerex after purchasing them. The post What’s next for Designerex, the Airbnb of fashion rental appeared first on Inside Retail.
The impact this has on the planet is diabolical and it is not just a consumer problem, it is the responsibility of everyone in the fashion and textiles industry. Hyper-consumerism is at a record high, fueled by social media trends and fastfashion, which produce thousands of new styles a week.
She is referring to the Australian Bureau of Statistics’ finding that 67 per cent of Australian adults are overweight or obese, which she sees as a rough indication of the level of demand for plus-size fashion. In the US, they account for 19 per cent of that country’s US$113.8 However, most of that demand goes unmet.
Thriftify enables consumers to browse and buy quality second-hand products online – including fashion, books, music, games, gifts and accessories – from charity shops, safe in the knowledge that their purchase is having a positive effect on people and the planet.
When I looked around me, I noticed a significant change in the way people – including my friends and myself – consume fashion: we bought more but wore less. This vision then led to the creation of Vestiaire Collective, with the aim of transforming the fashion industry to a more sustainable future.
IR: Beyond the fashion side of things, you’re obviously a successful businesswoman. What do you like about running a fashion retail business? I’m talking to solicitors and accountants, negotiating with landlords, talking to interior designers, working with the girls on the floor, speaking to customers.
I’ve seen some fabulous new products, and some new accounts opened.” Richard Keel, Managing Director of Keel Toys said, “The footfall and orders across Sunday and Monday have been really good, we have opened a high number of new accounts. Sue Waterhouse, Mia James Interiors said, “The show is beautiful.
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