This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
There was a time, not too long ago, when it took a lot of convincing to get consumers to consider secondhand. Now, both consumers and the retailers that serve them are quite willingly jumping on the resale bandwagon, driving an already hot sector toward even further growth. Retailers and Brands Take the Baton.
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 New fastfashion is getting zero of my coin this year!
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.
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.
Fastfashion, or making and selling cheap clothes with a short lifespan, is “highly unsustainable”, the Commission said in July. ” “The way fashion is produced and consumed needs to change – this is an undeniable truth,” H&M said.
As retailers have struggled to navigate changes in consumer behavior and economic uncertainty brought on by the pandemic, one area has seen continued growth: recommerce. Recommerce checks many boxes for both consumers and businesses. In fact, apparel resale revenues are growing 24 times faster than retail apparel sales. .
A few years ago, buying resale online was still something that had to be sold to consumers. But as ThredUp ’s 12th annual Resale Report shows, the need for a hard sell is over — consumers of all ages have clearly bought into the idea, with secondhand apparel sales growing 15X faster than the broader retail clothing sector in 2023.
With the marketplace model now driving Debenhams’ growth, Boohoo hopes this fresh approach can turn around not just Debenhams, but its other brands, including the host of struggling fastfashion brands which once were the group’s driving force Boohoo, PrettyLittleThing, and Boohoo Man.
More young consumers are moving toward second-hand fashion options, conscious of the environment and carbon footprint of the clothing industry. The post Etsy to buy fashion reseller Depop in push for younger consumers appeared first on Inside Retail. Reporting by Nivedita Balu.
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. Paire first launched in 2020 with a single product, socks. Inside Retail : What is the overarching mission of Paire?
Recently, however, something new has begun to drive massive growth in the used goods sector — consumers who are shopping based on their values , in addition to searching for value. It is this facet of the modern economy that consumers have begun to reject. The Fastest-Growing Channel in Retail’. “ The Cool Factor.
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. We have evolved our moto jeans and fabrics no less than six times, and this obsession to set the standard and keep raising the bar is now driving us to stand out in sports apparel.
This week, France announced legislation to “limit the excesses of ultra-fastfashion”. According to Roy Morgan data, the attitude of Australian consumers is shifting towards the circular economy with 34 per cent of Australians both buying and selling second-hand items. So where does this leave traditional retailers?
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.
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.
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. This shift in consumer sentiment has been a primary driver behind the demise of U.S. The retailer opened its first 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.
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.
Consumers and retailers are turning to resale more than ever amid economic uncertainty, according to ThredUp ’s 11th annual Resale Report , conducted by GlobalData. consumers ( 52% ) shopped secondhand apparel in 2022. In fact, one in three apparel items bought in the last 12 months in the U.S. consumers bought 1.4
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. Consumers are still shopping SHEIN in droves, however, as evidenced by the sold-out San Francisco event.
Australians have been outed as the worlds biggest fashionconsumers, purchasing on average 56 new items of clothing per person each year. However, the garments most consumers purchase are rarely locally made and, according to The Australia Institute, their average value is just $13. she asked the panelists.
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.
There are signs of a disconnect between consumers and retailers when it comes to sustainability. A recent report has found that two-thirds of consumers are willing to pay more for sustainable products than retailers expect — and reveals that consumer preference for recommerce models is also being underserved. A Starting Point.
Major retailers are moving their apparel and footwear manufacturing out of Asia to produce goods closer to major consumer markets in the U.S. Mango, the fast-fashion chain, has moved production from China and Vietnam to Brazil and Mexico. and Europe.
This contrasts with fellow China-based discount shopping apps such as Wish and Temu , which use a consumer-to-manufacturer marketplace model. thanks to on-trend discount offerings enabled by its real-time fastfashion model. Shein has enjoyed a meteoric rise in the U.S. before rolling out to other global markets. ”
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.
As prices continue rising, consumers rely on a combination of their wallets and consciences when deciding which fashion industry trends to buy into. Innovations include new biodegradable materials and manufacturing processes that reduce both textile and environmental waste in the pursuit of sustainable apparel.
Once regarded as a have to for those on tight budgets, purchasing pre-loved items has now evolved into a mainstream retail trend, fuelled by a combination of psychological drivers and shifting consumer values. As a result, consumers are turning and looking to second-hand shopping as a more sustainable alternative to fastfashion.
A notable gap is apparent, though, between values and actions, as many still shop frequently on fast-fashion platforms like Shein. Monitor emerging platforms to stay ahead of shifts in consumer behaviour. Fast and frictionless checkouts leveraging mobile payment systems and self-service options.
It has also successfully created a sense of FOMO (fear of missing out) among some consumers. Alternatively, they may become the innovators in apparel trends, and develop ongoing collections such as the H&M designer capsule ranges,” she observed. It’s not the first time furniture retailers have become lifestyle brands.
Resale Continued its Rise but Came Under Financial Scrutiny Consumers’ enthusiasm for secondhand goods, as well as other forms of more sustainable consumption like rental and repair services, showed no sign of slowing in 2023. But negative press didn’t stop either app from drawing U.S.
After all, studies show that consumers care more about the environmental impact of their purchasing decisions than ever before. 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.
Do consumers really care? Despite the fact that surveys are regularly wheeled out purporting to show that sustainability is important to consumers in the purchasing decision, the purchasing behaviour itself seems to contradict that. Lululemon is pumping out strong revenue growth, particularly internationally.
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.
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.
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.
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.
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. For some, that will include getting married, and the wedding retail industry is already experiencing a few notable shifts. It has it all.”
Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.
Winnie Park has quite the resume in apparel retail, having worked as senior director of merchandising at Levi Strauss & Co and executive vice president of marketing at DFS Group. Now, she is the CEO of one of the most well-known fashion chains in the industry, Forever 21.
Recommerce, the sale of secondhand merchandise, is a hot topic as consumers become more enthused about recycling goods rather than contributing to enormous mountains of landfill waste. While secondhand marketplaces are steadily growing, they barely make a dent in the billions of items today’s consumers generate. Take the U.S.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content