Remove Accounting Remove Fast Fashion Remove Returns
article thumbnail

Vestiaire Collective’s fast-fashion ban: clever or counterproductive?

Inside Retail

Last November, international fashion resale platform Vestiare Collective shocked the apparel industry by banning the trade of ‘fast-fashion’ labels. Wone, who joined Vestiaire Collective in March 2020, said the ban underlines Vestiaire Collective’s founding mission – to drive collective change towards a circular fashion economy.

article thumbnail

How Temu and Shein drive up Black Friday marketing costs for US retailers

Inside Retail

. “By definition, when you increase the cost per click, the return on your marketing investment decreases. ” Paid search ads can drive anywhere from 15 per cent to 30 per cent or more of a retailer’s online sales, and account for as much as half of the marketing budget, Lautier said.

Marketing 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Shein is winning the fast-fashion war by putting consumers in charge

Inside Retail

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.

article thumbnail

How Retailers can Overcome the Challenges Faced on the Path to Sustainability

Retail TouchPoints

This year saw the proposal of the Fashion Sustainability and Social Accountability Act. Particularly for those operating in fast fashion, where the negative environmental and social impact of unsustainable practices is increasingly under public and media scrutiny. A Starting Point.

article thumbnail

PrettyLittleThing founder Umar Kamani returns to helm

Retail Gazette

PrettyLittleThing founder Umar Kamani is returning to the fast fashion retailer as he vows to make the brand special again. One of Kamani’s first actions will see the reintroduction of free returns to customers part of PrettyLittleThing’s loyalty programme just three months after the retailer scrapped the perk.

Returns 111
article thumbnail

In The Style rescued from administration

Retail Gazette

UK-based fast fashion retailer In The Style is understood to have been bought out of administration. Accounting firm FTS Recovery was taken on as administrator of the struggling fashion brand on 10 March. However, the fashion retailer has struggled in recent years. In The Style pulled in a pre-tax loss of 2.6m

article thumbnail

How retailers are tackling textile waste as Aussies overconsume

Inside Retail

Amid the rise of fast fashion 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.