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In fact, Australia’s second-hand market, covering everything from clothing, electronics, furniture, and cars, is worth around $46 billion and just keeps growing. As an occasional buyer and seller of second-hand fashion, I’ve been watching the trend with interest. The post From “fastfashion” to “fast thrifting”: When will we learn?
ThredUP is teaming up with TikToker Nava Rose to launch the Dump FastFashion Shop, an online secondhand storefront to help consumers thrift for Valentine’s Day and beyond. Nava Rose models one of her styles for the Dump FastFashion shop on ThredUP. “I Together with ThredUP, I’m committed to ghosting fastfashion.
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.
That growth rate looks likely to continue, with the overall secondhand market projected to double in the next five years, reaching $77 billion in annual sales by 2025. Growing Sustainability Concerns Favor Resale Over FastFashion. It appears that much of that growth will come at the expense of fastfashion.
Despite hitting the market just six months ago, it’s already stocked in major retailers, including Myer, Surfstitch, The Iconic and Revolve, as well as dozens of specialty retailers across Australia and New Zealand. Sana’s success and how it’s using offcuts to make fastfashion more sustainable.
Fastfashion, or making and selling cheap clothes with a short lifespan, is “highly unsustainable”, the Commission said in July. Hundreds of similar plants, along with investment in technology and market interventions will be needed to meet industry goals to recycle 2.5
This week, France announced legislation to “limit the excesses of ultra-fastfashion”. With fastfashion off the table for many, shoppers – and retail brands – are getting creative like locally owned, fashion re-sell business, a new favourite of mine, Love it Longer, on leafy Rathdowne Street in Carlton North, Victoria.
Of the world’s industries that profit from worker exploitation, the fashion industry is notorious , in part because of the sharp contrast between how fashion is made and how it is marketed. Well-known fast-fashion brands include H&M, Zara and Uniqlo. Read the original article.
Walmart continues its mission to elevate its reputation in fashion with its new ThredUP partnership, which gives e-Commerce shoppers access to secondhand merchandise across the full spectrum of prestige — from luxury names such as Chanel and Prada to middle-market Ann Taylor LOFT and Lands’ End to affordable Old Navy and fast-fashion leader H&M.
However, after several years of diminishing sales in an increasingly competitive fast-fashionmarket, rumors have been spreading about Forever 21 declaring Chapter 11 bankruptcy for the second time. Basically, the competitive bar is now set a lot higher in fastfashion, and Forever 21 has had trouble getting over it.
While many speculate about the reasons that established designers are partnering with the ultra-fastfashion company, it is apparent that Shein is using the program to separate itself from accusations that it trades in dupes and copycats. Shein’s investment in Shein X could serve to bolster its lead in the women’s clothing category.
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-fashionmarket in 2022, outpacing Zara and H&M.
Products shipped cross-border by Chinese online fast-fashion giant Shein have been found to contain toxic chemicals at rates twice the level allowed under EU regulations, according to a report prepared by Greenpeace in Germany.
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.
billion last year, the bridal wear market is expected to reach US$18.54 percent in this time frame, Maximize Market Research states. Venetia Fryzer, an Edited retail analyst, noted that bridal accessories have gained popularity in the US market, as lower-ticket items that can be worn from engagement through to honeymoon.
A new study demonstrates how AI can revolutionise fastfashion by improving supply chain efficiencies and in turn reducing the industry’s carbon footprint. The fastfashion industry is valued at US$2.5 trillion and employs some 75 million people, however, its economic impact is underscored by its environmental pollution.
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.
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.
The RealReal makes a concerted effort to keep counterfeit luxury items off the market, removing approximately 5,000 fakes each month (a total of 250,000 since 2011). So what are these faux handbags doing in a RealReal retail store located on NYC’s Canal Street, a notorious knockoff hub?
Sydney-based womenswear label Sotto Brand has made its debut at New York Fashion Week with its SS24 collections, eyeing global expansion. The show also introduced Sotto Brand’s first venture into footwear and accessories. The post Sotto heads to the US with NYFW debut appeared first on Inside Retail Australia.
The fashion industry, in particular, has come under scrutiny for its environmental impact for some time, with Australia alone discarding 222,000 tonnes of clothing annually into landfill. As a result, consumers are turning and looking to second-hand shopping as a more sustainable alternative to fastfashion.
Chinese fastfashion retailer Shein may frequently grab headlines for the wrong reasons but there’s no denying the increasing popularity of the controversial brand. As of October 2020, Shein was the world’s largest online-only fashion company, according to Euromonitor International. Retailers in particular use this tactic a lot.
The online clothing rental market has come a long way since platforms like GlamCorner and US market leader Rent the Runway launched in 2011 and 2009, respectively. According to Future Market Insights, the global online clothing rental market is currently worth US$1.9 The ‘Attenborough’ effect.
The company is now certainly a lot further along in building brand awareness through significant investment in marketing and, at least on some level, it has a better understanding of the American shopper than it once did. Sibling brand GU is more trendy, lower-priced and closer to a true fastfashion concept. million in Texas.
On Thursday, Ikea will be launching a limited edition 10-piece clothing and accessories range in Australia, both online and in-stores. Meanwhile, its Japanese competitor Muji also sells apparel and accessories alongside homewares and furnishings. It’s not the first time furniture retailers have become lifestyle brands.
This supports the consumer shift towards quality and durability over fastfashion, driven by sustainability concerns, desire for product longevity, and increased awareness of ethical manufacturing practices. Sales performance and market share are also considered to determine the success of a campaign. What’s the driver?
I was looking from high-end stores to more of the high-street brands… there was no brand just owning that market for women,” Barrins, founder and CEO of Sheila, told Inside Retail. Through its inclusive approach to branding, Sheila is reclaiming a narrative for women in a hyper-competitive fashion vertical. .
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. Sanjay Tugnait is the Chief Market Maker and Global Managing Partner – Sustainability Practice for IBM Consulting.
To what extent can fastfashion brands make inroads in their sustainable practices and reduce their textile waste without fundamentally changing their business and operating model? This further fuel[s] their hyper-fastfashion model.”
Uniqueness is one of the most coveted elements of fashion for many style-conscious shoppers, and in a world drowning in new brands, buying vintage or resale is the best option to find something truly special. “To Even e-commerce giant Amazon is entering the resale market. The future of secondhand fashion.
Online fast-fashion retailer Shein and its newer rival Temu are in a race to win shoppers’ attention for their inexpensive China-made goods. If Temu loses, Temu could be forced to curtail what so far has been a key marketing strategy. The battle between them is playing out not only on social media but also in a US court.
Brands that take a strategic customer-centric approach can benefit from what funds customers do have and with ‘Euro summer’ heating up – Bydee is investing in meeting market demand with a localised approach. This was achieved by tapping into the travel-inspired swimwear niche and pivoting the expansion to markets that resonated.
“What we will likely see in the next few years is a rationalisation of the number of brands in the market, with a few key factors driving this,” Iacono projected. And matching with the right financial backers, who bring specialised and global sectoral expertise, is also critical for designer brands at the higher end of the market.”
Shein, the China-founded fast-fashion retailer, has bought the Missguided brand from Mike Ashley’s Frasers Group, the e-commerce giant’s first purchase of a British brand. Frasers also owns the “I Saw it First” and “Missy Empire” brands in women’s online fashion.
Fast-fashion giant H&M recently unveiled the autumn/winter 2024 collection from its atelier spinoff H&M Studio. The limited-edition fashion drop signals the brand is “returning to its roots and reconnecting with its community through a global ‘re-ignition’,” H&M’s head of design Eliana Masgalo told Vogue Scandinavia.
This was particularly painful, given Lululemon’s roots in yoga and its marketing theme of a healthy and ethical lifestyle. 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.
It speculated that future fashion collections could be made with a creative director and an AI program to bring clothes and accessories to market faster, more efficiently and improve the CX factor as well. An article from McKinsey & Co explores this idea in some depth.
Fastfashion has normalised using garments for short periods of time, and throwing them away when trends change, driving an unsustainable pattern of overproduction and overconsumption. Against this backdrop, the EC aims to create a coherent framework and vision for the transition of the textile sector to a less wasteful model.
With the demand for eco-friendly products and services rising, so is the number of companies exaggerating their sustainability credentials to get a larger market share. Greenwashing is when a company claims to be environmentally aware, but only for marketing purposes. What is greenwashing? Green or greed?
The company said consolidating the earnings of its Sellpy second-hand platform had boosted earnings by about 1 billion crowns, but warned that H&M’s overall sales for the spring season had been delayed in many markets by cold weather.
Primark said that seasonal clothing and accessories, and health and beauty sales were “particularly strong” It also highlighted the solid performance of its flagship city centre stores. “As well as seasonal clothing and accessories, sales in health and beauty products were particularly strong.
Australian fastfashion brands, Princess Polly, Beginning Boutique, Selfie Leslie and White Fox Boutique have all been quick to capitalise on the online haul culture and create ‘Euro summer’ landing pages to direct prospective travellers to their e-commerce stores. ‘Euro summer haul’ has now amassed 24.9 million posts and counting.
One of the biggest challenges facing the fashion industry today is fastfashion. They’re doing a great job selling to consumers quickly and cheaply,” Kore said. To compete, platforms like Designerex need to educate consumers and make the transaction as easy and seamless as possible.
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