Remove Accounting Remove Fast Fashion Remove Shopping
article thumbnail

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

Retail TouchPoints

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 Fast Fashion. Fast fashion and thrift are very similar in a lot of ways,” said Clark.

article thumbnail

How Amazon, Temu, and Shein are reshaping Australia’s retail landscape

Inside Retail

They were visible in malls, high streets, shopping centres, or online marketplaces. million Australians now shopping on the platform every month. Shein: Dominating the fast-fashion market Shein has become a major player in Australian fashion, particularly among younger consumers. Once, we knew our competitors.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Dupe Culture Goes Mainstream Even as Brands Seek to Differentiate the ‘Real’ Thing

Retail TouchPoints

She described Instagram accounts of Costco hauls, including those looking at dupes of iconic Lululemon products such as a zip hoodie and finding they are of comparable (if not exact) quality. Back then] if you were rich, you only wore luxury goods, you only shopped in specific stores you went to Bergdorf. trillion ( $1.56

article thumbnail

How do ethical concerns shape fast-fashion purchases?

Inside Retail

For others it’s an ethical dilemma whenever we shop for clothes. 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.

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

U.S. Apparel Resale to Double in Next Five Years, Fueled by Retailers and Brands

Retail TouchPoints

It forces you to consider the ramifications for the future of shopping when you have a generation of customers who think of themselves as thrifters and are focused on value, sustainability and this style of buying.”. Shoppers love the cheap thrills of fast fashion, but their conscience weighs on them.

Apparel 321
article thumbnail

Pricing and consumer perception: Why fast-fashion brands launch premium ranges

Inside Retail

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.