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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.
Fastfashion, or making and selling cheap clothes with a short lifespan, is “highly unsustainable”, the Commission said in July. Precise data on the growth of clothing waste is scarce but collection for recycling and reuse increased gradually in several European countries from around 2010, a 2021 EU report said.
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.
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.
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.
This week, France announced legislation to “limit the excesses of ultra-fastfashion”. With fastfashion off the table for many, shoppers – and retail brands – are getting creative like locally owned, fashion re-sell business, a new favourite of mine, Love it Longer, on leafy Rathdowne Street in Carlton North, Victoria.
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?
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.
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.
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.
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.
Before the rise of cheap mass-produced apparel, clothing was typically made with higher quality materials, often by hand, and items lasted significantly longer. In recent decades, fastfashion became incredibly popular due to its cost efficiency, both for manufacturers and consumers.
Digital fastfashion retailer Shein has acquired UK women’s retailer Missguided from Frasers Group. fastfashion brand Forever 21 ; those two brands recently announced plans for a co-branded line of men’s and women’s apparel that will be sold exclusively on Shein.
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.
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.
Following the news that theboohoo group has rebranded as the Debenhams group; Chloe Collins, head of apparel at 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.
thanks to on-trend discount offerings enabled by its real-time fastfashion model. The platform will host both local and international third-party sellers on the Shein site and app alongside Shein-branded apparel products. Shein has enjoyed a meteoric rise in the U.S. before rolling out to other global markets. ”
Founded in 2019 by Lauren Mariani as a lingerie brand, Sotto Brand quickly expanded into complimentary apparel. Further reading, Australian fast-fashion brand Princess Polly has expanded in the US, opening a flagship store in Los Angeles.
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.
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.
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. . In fact, apparel resale revenues are growing 24 times faster than retail apparel sales. . Understanding the Resale Phenomenon.
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. Fortunately, this has also provided a breeding ground for serious innovation and imagination.
This year saw the proposal of the Fashion Sustainability and Social Accountability Act. Particularly for those operating in fastfashion, where the negative environmental and social impact of unsustainable practices is increasingly under public and media scrutiny. Recommerce.
Alternatively, they may become the innovators in apparel trends, and develop ongoing collections such as the H&M designer capsule ranges,” she observed. Meanwhile, its Japanese competitor Muji also sells apparel and accessories alongside homewares and furnishings.
Since its launch in 2019, Parade quickly established itself as a force to be reckoned with in the intimate apparel industry, setting new standards for inclusivity, body positivity and self-expression both through its product line and branding. Financial details of the deal were not disclosed. ”
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.
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.
The fast-fashion company is disappointed in its overseas results, especially in the U.S., where Nordstrom has exclusive distribution of its Topshop brand.
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.
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.
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.
Especially in this era of fastfashion, most retail products are produced overseas and shipped thousands of miles to their destination. Sourcing Solutions International is a unique supplier that manufactures both hangers and packaging for the apparel retail industry.
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.
The fashion industry, in particular, has come under scrutiny for its environmental impact for some time, with Australia alone discarding 222,000 tonnes of clothing annually into landfill. As a result, consumers are turning and looking to second-hand shopping as a more sustainable alternative to fastfashion. per cent.
A notable gap is apparent, though, between values and actions, as many still shop frequently on fast-fashion platforms like Shein. Fast and frictionless checkouts leveraging mobile payment systems and self-service options. Affordability also remains a critical factor.
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.
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