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Fastfashion brand H&M recently launched Loooptopia, a Roblox game focused on creating, trading and recycling digital fashion items. Then complement fashion items with accessories, dance moves, music tracks and special effects to create different performances on the Loooptopia catwalk.
Jose Antonio Ramos Calamonte, Asos’ CEO, has said he is confident the company will be able to return to sustainable profit and cash generation in the second half of this year and beyond. The post As spending dips, can fashion rentals help Asos return to profit? appeared first on Inside Retail.
Inside H&M ’s new store in NYC’s SoHo neighborhood, the fastfashion retailer has nested a shop-in-shop featuring curated secondhand pieces — the brand’s first resale location in North America. To celebrate the debut, beginning Feb.
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.
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.
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. According to Sarah Neill, CEO and founder of Mys Tyler , the world of fashion has been ripe for disruption for a long time now.
We put $1000 into US ad spend and that went crazy,” Hairis said, adding “I didn’t understand the potential until we saw the return on investment.” We’ve got a 45 per cent customer return rate in Australia, which is extremely high and a 25 per cent return rate in the US.
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. Fashion brands have altered our attitudes through fastfashion, prioritising profit margins over ethical production.
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.
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. It envisions that fastfashion will be out of fashion, and that economically profitable re-use and repair services will be widely available.
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.
Amazon Australia today announced the launch of Amazon Warehouse, a new storefront on the country’s Amazon site, which offers pre-owned and open box items that include a wide range of items, including fashion, electronics, accessories, toys, music, books and more. The future of secondhand fashion.
This was upheld by comments from National Retail Association deputy CEO Lindsay Carroll, who said that consumers were returning to bricks-and-mortar stores now that lockdowns were a thing of the past. It did so to raise awareness around waste, and over-consumerism caused by the rampant fast-fashion industry.
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.
For retailers offering custom options, returns are also less than 2 per cent, compared with over 30 per cent at traditional brands. Made-to-measure is also an ideal anti-fastfashion option for customers, many of whom are now interested in leading a more sustainable lifestyle since Covid-19 has hit.
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. Inclusive fashion.
Fulfilment by GlamCorner now sees the platform handling the logistics of clothing rental on behalf of fashion brands, including warehousing, cleaning, shipping and returns, and giving brands their own rental stores, which they can embed in their e-commerce sites and promote to customers.
The rest can be returned to the sender or recycled responsibly. This raises another question: with the resale market booming, is hyper-consumerism associated with fastfashion shifting to preloved fashion? Fast (preloved) fashion. Is that a concern? Maybe, but it’s not a simple question.
Frasers Group has bought fast-fashion business Missguided and plans to set it up as a standalone business within the group. According to Retail Gazette, Frasers Group will pay £20 million to buy the collapsed omnichannel retailer out of administration after beating a competitive bid from online fashion retailer Boohoo.
Boasting a large selection of everything from ultra-affordable party dresses to £1 bikinis, this fastfashion e-tailer was the preferred choice of the Love Island cast and everyone who wanted to be on the show or wished to look like those on the show. The group also announced that Passi would be returning as CEO of the company.
The resale platform is known as the leading destination to buy and sell rare and exclusive popular culture items such as sneakers, apparel, electronics, collectibles, and accessories. Major brand collaborations aren’t always between luxury fashion brands, elusive artists and uber-famous musicians and athletes, either.
This demographic also demonstrates a desire to break away from fastfashion and develop more sustainable buying habits. As such, it is important that retail and fashion businesses make an effort to progress their sustainability promises. This has been led primarily by Gen Z and Millennials. What’s next?
Meanwhile, NRFs vice president of industry and consumer insights Katherine Cullen, PwCs global retail leader Kelly Pedersen, Happy Returns chief operating officer Timothy Fehr and Pinterests director of consumer product marketing Rachel Hardy discussed emerging consumer trends in 2025.
The scale of the fastfashion phenomena is driven by the young – the perceived conservatism of the older generation on renting is balanced out by the higher likelihood of them hanging on to clothes for much longer or repairing damaged items rather than re-buying. But this is only half the story. The wedding shop at Selfridges.
The niche crypto assets are also capturing the attention of some of the world’s biggest fashion companies, keen to associate themselves with a new generation of gamers – although most of their forays so far are for marketing. For NFT enthusiasts, online fashion does not replace physical purchases.
Yet consumer demand is not wavering and fashion trend cycles are shorter than ever due to social media, fastfashion, and technology. Such an arrangement provides an avenue for large brands to divert returned and faulty items from going to landfill. Mass-market brands are also investing in take-back schemes.
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 fastfashion, such as rental. According to FMI, global online clothing rental sales are expected to grow 11 per cent CAGR between 2021 and 2031.
Category sales at the chain are being led by apparel and expensive personal accessories, such as watches and jewelry, which are benefiting from the weak yen, which has been an important factor in the revival of inbound tourism.
In addition to the data element, Kore believes brands will benefit from better conversion rates and increased loyalty, since customers will be incentivised to buy products that have a high return on investment. The post What’s next for Designerex, the Airbnb of fashion rental appeared first on Inside Retail.
Australian bridal and fashion brand Bo & Luca has returned to its roots with a new store opening this month in one of Brisbane’s oldest suburbs, New Farm, and the launch of its couture bridal collection, The Gardener’s Journal. We have been working with the same families for the past 10 years.
In Spain’s A Coruna, two contrasting fashion business models collide – pitching the growing demands for the clothing industry to become more sustainable against the constant need to drive sales. They don’t add new products mid-season and they charge online shoppers for returns to encourage conscientious shopping.
“Everyone is now realising there are alternatives to fastfashion and through brands like InStitchu you can purchase tailored clothing for the same price as off-the-rack mass-produced garments – less clutter for the customer, less waste for brands, and less impact on the environment,” Wakefield said.
Shein, the Chinese fast-fashion giant, is by no means a leader when it comes to sustainability. This helps customers get what they want while increasing online conversions and reducing returns. This process is more effective when the predictions are augmented with third-party data. And it could grow to as much as 40 per cent.
Like memes, Crocs have changed and returned through nostalgic affectation. In the United Kingdom, Crocs paired with fast-fashion retailer Primark and high-street bakery Greggs to create ugly, fur-lined, black $11.03 Crocs are, in a sense, wearable memes for Gen Z. Crocs with Greggs’ logo.
We really set out to create a brand that is lasting fashion, we create products that are intended to be heirlooms, and that only get better with time and age. The award] really reinforces that there is perhaps a return to quality or an appreciation for quality over quantity. We really are a slow fashion brand.
If you look at the stats, your return rates for made-to-measure are sub 2 per cent, versus 20-30 per cent [in traditional retail]. Everything’s made-to-order, so there are some major benefits, like it’s anti-fastfashion. Plus you don’t have to invest in stock.
Kate Grindal, Retail Manager, Cadw said “Great to see many of our existing suppliers returning this year, it’s the perfect opportunity to catch up in one day.” We have been really surprised by the amount of new customers but we have also seen dormant customers returning to us this season.” #SBS
Frasers Group stated that at the time of the acquisition, that the online fastfashion retailer owed £13m to its shareholders. The group relaunched the brand on its website in June earlier this year, selling its full range of vintage-inspired clothing, gifts and home accessories. The retail giant paid £8.5m
If you return an item before you even have think about it you receive an email saying your refund has been processed. Many consumers say they want to buy sustainably sourced clothing but fastfashion retailers like Zara and H&M are among the largest clothing retailers in the world. What does it mean to be consistent?
Scot: [34:05] Yeah yeah and having a Marketplace will be good will be another piece of data to feed into this kind of viral Crazy Fastfashion engine that they’ve created. Operational efficiencies and improve our our profit and our short-term returns type activities. Scot: [34:18] Third party seller would be scary.
An old TopShop store in north London’s Brent Cross shopping centre has been revived after two years of sitting empty since the fastfashion brand closed down. It appeals to shoppers looking for unique vintage clothing by offering a curated selection of fashion and accessories from the UK’s most loved charity retailers.
After years of being sidelined on the alternative calendar, Seoul Fashion Week has become a popular fashion destination to discover bubbling trends before they hit the mainstream, and this year marks its highly-awaited return to physical shows following a two-year hiatus due to the pandemic. billion to $37.18
However, the birth of fastfashion and the rise of the millennials soon pushed Esprit out of the game – and the Hang Seng Index – in 2013, sparking a continuing downward spiral for the years to come.
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