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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.
While the pandemic had a chilling effect on apparel sales as a whole, the resale sector was blazing hot: it grew 29% in 2020 to capture $9 billion in U.S. Clark isn’t exaggerating: 33 million consumers bought secondhand apparel for the first time in 2020, according to the report.
And while North America remains the leader, resale is now clearly a global phenomenon: the worldwide secondhand apparel market is expected to grow 127% and hit $218 billion by 2026. “I The “thrifters” cohort is growing steadily, with 41% of consumers now saying that when they shop for apparel, secondhand venues are their first stop.
Fastfashion brand H&M recently launched Loooptopia, a Roblox game focused on creating, trading and recycling digital fashion items. It’s the latest apparel company to set up a virtual environment on the platform where players can style their avatar and run or scoot around Loooptopia districts collecting tokens. .
Shein and Forever 21 are joining forces in a deal that will allow Forever 21 to sell its youth-focused apparel to Shein’s 150 million online users. has accused China of committing genocide and using forced labor in its repression of Muslim Uyghurs.
In a warehouse on the outskirts of Barcelona, women stand at conveyor belts, manually sorting T-shirts, jeans and dresses from large bales of used clothing – a small step towards tackling Europe’s towering problem of discarded fashion. Despite the challenges, employees at Moda Re said they felt their work was positive.
Urban Outfitters has revamped its secondhand offerings into a new centralized Vintage + Remade hub, featuring a selection of vintage goods curated by the Urban team as well as used apparel that has been repaired and restored.
Well, at least that’s what Boohoo Group CEO Dan Finley hailed this morning after unveiling its bold rebranding. It’s an ambitious move, but can a marketplace model designed for variety and convenience truly revive flagging fast-fashion brands in a market flooded with competition? Debenhams is back.
Even in an industry accustomed to a rapid pace of change like fashion manufacturing and retailing, AI is racing by like the Road Runner speeding past a desert mesa. Our design team essentially trained themselves so much of working with AI is hands-on and figuring out prompts, and weve been able to prompt it into what we need in apparel.
Fast forward to 2024, it has expanded into apparel while leading the retail industry in sustainability measures. Our brand was established as an act of resistance against the fast-fashion trend. NY: The biggest highlight of 2023 was the launch of our first bricks-and-mortar shop at QV Melbourne.
With the launch of SA1NT Layers, Former 2XU owner Aidan Clarke has gone back to his roots, with a renewed focus on performance and recovery sportswear apparel. AC: Everyone can benefit at some point from medical grade compression. Can you discuss why you’ve decided to invest in, and focus on, this particular category?
Last November, international fashion resale platform Vestiare Collective shocked the apparel industry by banning the trade of ‘fast-fashion’ labels. Fastfashion has no value, and even less in resale. Dounia Wone, Vestiaire Collective’s chief impact officer.
The pop-up comes amid a major push by the fastfashion app to grow its Canadian consumer base that also has included a sustainability-focused pop-up in Vancouver and a “moving billboard” campaign on streetcars across Toronto.
Ireland-based fastfashion retailer Primark is continuing its steady expansion in the U.S., The company’s most recent opening, its 13 th , took place in Philadelphia’s Fashion District in September 2021. The retailer opened its first U.S. store six years ago in Boston. Over the last year, Primark’s total U.S.
Focus and blame generally turn to the manufacturing, production and distribution parts of the chain, but other aspects are not usually at the forefront of the mind, especially when it comes to the consumer standpoint. In recent decades, fastfashion became incredibly popular due to its cost efficiency, both for manufacturers and consumers.
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.
Online fastfashion retailer SHEIN is hosting the latest in its traveling series of pop-up events at San Francisco’s Embarcadero Center from June 24 to 26, 2022. The three-day event promised a showcase of more than 1,000 different styles with the product assortment rotating daily.
consumers ( 52% ) shopped secondhand apparel in 2022. In fact, one in three apparel items bought in the last 12 months in the U.S. secondhand apparel market is projected to reach $70 billion by 2027; globally the secondhand market is set to nearly double by 2027, reaching $350 billion. The study found that more than half of U.S.
Sydney-based womenswear label Sotto Brand has made its debut at New York Fashion Week with its SS24 collections, eyeing global expansion. The company said the debut at NYFW kicked off the brand’s expansion strategy and helped the brand further grow its global presence.
Following the news that theboohoo group has rebranded as the Debenhams group; Chloe Collins, head of apparelat GlobalData, offers her view: The boohoo groups rebrand to become the Debenhams group highlights how much its youth fastfashion brandsPrettyLittleThing,boohoo.com, and boohooMANcontinue to struggle.
Fastfashion juggernaut Shein has confidentially filed to go public, multiple sources report. based Sparc Group , which owns fastfashion rival Forever 21. Rumors of an IPO for the discount app have swirled for over a year now as Shein has continued its meteoric rise in the U.S. and the world.
billion as it looks to extend its reach both in the apparel sector and with Gen Z consumers. Depop’s peer-to-peer marketplace for secondhand fashion is the 10 th -most-visited shopping site among Gen Z consumers in the U.S., The site is primarily known for its vintage, streetwear and Y2K (late 1990s/early 2000s) fashion.
This trend involves brands reselling previously owned products at a discount — and it’s caught on quickly. The resale market is growing 11 times faster than traditional retail and is expected to reach $84 billion by 2030, far eclipsing the predicted $40 billion market for fastfashion. .
The second-hand market is projected to grow at a 39 per cent compound annual growth rate from 2019 to 2024 in the United States, reaching $64 billion, and to grow to twice the size of fastfashion on a global basis, Etsy said.
This year saw the proposal of the Fashion Sustainability and Social Accountability Act. Here, we look at some of the initiatives — transparent sourcing, greater demand forecasting, recommerce and sustainable packaging — retailers are using to be more sustainable. Kimberly Morgan is VP Sales and Global Partner Channel Lead at K3.
Consumers are also pushing for brands to step away from “fastfashion” trends and promote sustainability in both product development and manufacturing, making efforts to reduce or offset their carbon footprints. Tackle your supply chain one vendor at a time. You don’t have to overhaul your entire supply chain overnight.
Fast Retailing, the parent company of Japan apparel retailer Uniqlo , has announced the locations for 11 new stores in the US, on its way to a target of 20 openings in North America this year, which in turn is the first instalment on its plan to reach 200 stores in 2027. The 11 openings so far announced are all in malls.
People love and trust the brand for intelligent fashionable quirky and affordable end-to-end solutions for home products. Ikea has certainly earned credibility to pursue it,” said Nicole Miranda, head of client services at ad agency Spinach. “Or it could just be stunt for publicity or to test the waters!”
Custom apparel retailer Institchu has just unveiled an innovative new technology that will offer other brands the same made-to-measure capabilities it has in its business. The newly launched software-as-a-service product, called Taper, will make it easy for traditional retailers to begin custom tailoring apparel for their shoppers.
The chance of finding a rare vintage piece, antique furniture, or a designer handbag at a fraction of its retail price creates a dopamine-fuelled experience just like treasure hunting. As a result, consumers are turning and looking to second-hand shopping as a more sustainable alternative to fastfashion.
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.
Shein was reported as the fastest growing retailer in terms of market share in the global apparel market for 2024. percentage points to 1.53%, driven by its low pricing and fast reaction to fashion trends, according to GlobalData. in 2023 – the most significant decline in market share across the top ten apparel retailers.
It is a technology that uses radio waves to read information stored in an antenna — at retail, this is most commonly placed in a sticker or tag — without requiring physical contact or a line of sight. Especially in this era of fastfashion, most retail products are produced overseas and shipped thousands of miles to their destination.
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.
To a slow fashionapparel brand in rural Cambodia, Australia’s sophisticated fashion capital of Melbourne seems a world away – and not just geographically. Earlier this year, the brand made a debut inside Myer’s Bourke Street Mall flagship store and became the first Cambodian apparel brand to be stocked by the Aussie retailer.
Valued at US$11.85 billion by 2030, expanding at a compound annual growth rate of 6.6 Social media shapes wedding retail Christina Wettstein is the co-founder of bridal retail companies Melange de Blanc and Coterie White and has been in the wedding apparel industry for over 17 years. It has it all.”
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.
Moda Re, a garment re-use and recycling charity, plans to double the volume of clothing it handles at its sorting centre in Barcelona to 40,000 metric tonnes per year. The expansion is part of efforts to tackle Europe’s clothing waste problem, with less than a quarter of the continent’s 5.2 million tonnes of clothing waste.
Accessibility Moved into the Mainstream The fight for inclusion by people with disabilities saw some key victories in 2023, as retailers and brands began to recognize the buying power of this sector: Market Reports World has forecast an annual CAGR of 5.74% for adaptive apparel from now through 2030. Alicia Esposito 7.
Despite the controversies, the fast-fashion brand has been named one of Gen Z’s favorite brands and one of the fashion industry’s most popular brands. Despite the controversies, the fast-fashion brand has been named one of Gen Z’s favorite brands and one of the fashion industry’s most popular brands.
Much of the growth in resale, also referred to as “recommerce,” is driven by fashionat the moment, although other categories such as electronics , homewares and furniture also are making huge gains. Coresight expects fashion resale to grow at twice the rate of the total U.S. fashion market this year alone.
H&M and LVMH target very different sectors of the fashion industry. The former, a fastfashion giant based in Sweden, saw a slump in fourth quarter earnings, with its operating profits falling by 87 per cent year on year, and its net profit declining by about 68 per cent. This, he explained, counts against fastfashion. “In
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. Beyond that, an increase in the production of clothing means that there is more choice for consumers than ever before.
Brick-and-mortar retail is struggling, and apparel and footwear stores are suffering more than most. Increased Competition Over the past few years, small- and medium-sized fashion and footwear retailers have faced intense competition from all sides. As a rule, large clothing retailers have done quite well at moving to online shopping.
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