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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.
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. million tonnes of textile waste by 2030, McKinsey said in the report.
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. He also discusses his plans for the SA1NT Layers brand, and what growth will look like moving forward. Are there plans for stand-alone stores, a wholesale presence and so on?
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.
Ireland-based fastfashion retailer Primark is continuing its steady expansion in the U.S., with plans for three new stores in the New York region next year and a total of approximately 60 stores set to open within the next five years. The retailer opened its first U.S. store six years ago in Boston.
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.
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.
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.
thanks to on-trend discount offerings enabled by its real-time fastfashion model. Shein tested the marketplace waters first in Brazil, beginning last month, and now plans to launch it in the U.S. Shein has enjoyed a meteoric rise in the U.S. before rolling out to other global markets. ”
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.
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.
From acquiring an engagement ring to buying a wedding dress, few life events are as rife with retail opportunities as planning and hosting a wedding. In 2019, that number was US$28,000, reports The Knot, a global technology company that provides content, tools, products and services for couples planning weddings. It has it all.”
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. Adam Blair 5.
We predict retailers in the fast-fashionapparel and footwear sectors within consumer discretionary goods could face significant headwinds over the next few months. Wesfarmers, one of Australia’s largest employers, recently announced plans to renew its portfolio, which include optimising its store network following a 2.9
Sydney-based brand distributor True Alliance this week revealed that it is bringing iconic American apparel brand Gap back to Australia as an online-only offer. In 2020, the San Francisco-based brand announced plans to close 225 stores worldwide by 2024. But it’s not only the fashion trends that have changed since Gap’s heyday.
The Fashion Sustainability and Social Accountability Act (or Fashion Act) would apply to global apparel and footwear retailers and manufacturers with annual revenues of more than US$100 million that do business in New York. All of this information would need to be accessible to consumers online or in written form.
While this kind of transformation is tougher for products that can’t be digitized, the concept of a “sharing economy” for items like apparel and furniture is taking hold alongside that of recommerce, all of which feeds into the push toward circularity. It’s the thrill of the hunt,” said Ruben. Retail has become fairly sterile.
International apparel brand Lululemon has partnered with Australian environmental startup Samsara Eco, as part of an initiative to tackle textile waste. The multi-year collaboration will see Lululemon harness Samsara Eco’s circularity technology to create new recycled nylon plastics and polyester from apparel waste.
Last year’s must-have dress, yesterday’s flares and countless other Western castoffs are strangling the Global South, prompting calls for fastfashion to pay the price for rampant overproduction. Fashion reparations? Noi said the money could fund a recycling plant.
New ultra fastfashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. In the 2000s the internet met fastfashion, and a slew of new competitors began to emerge.
In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its net profit nearly seven-fold to US$1.5 Announcing the results, Helmersson revealed a plan for H&M to double its group sales by 2030 as well as halving its carbon emissions. “We billion. “We
Yet, many apparel retailers find themselves grappling with a myriad of challenges that hinder their growth and efficiency. From inventory management woes to order processing bottlenecks, the complexities of running a fashion business can often feel overwhelming. Here are some of the key challenges faced by apparel retailers today.
Williams shared plans to expand its Adelaide workshop following the launch of its ‘Crafted in Australia’ collection. Finally, and potentially most impactful, the Digital Product Passport will be required for all apparel by 2026, meaning that brands wishing to sell into the EU will be required to have complete traceability of their goods.
IR: There has been a lot of criticism of fastfashion brands lately in terms of their lack of sustainability credentials. What are your thoughts on the evolution of the fastfashion industry? IR: What are some of Nasty Gal’s other plans for the coming 12-18 months?
Shein, the Chinese fast-fashion giant, is by no means a leader when it comes to sustainability. While no brands claim zero stock, making apparel that closely matches needs is a path to keeping unwanted products out of landfill. But it can also optimise future production by feeding aggregated customer data back to apparel makers.
Apparel chain Country Road has teamed up with its largest supplier to turn offcuts and faulty garments from its own production runs into new sweatshirts, sweatpants and t-shirts made out of 30 per cent recycled cotton fibres. IR: Do you plan to use offcuts in your other collections in future?
Asos chief executive José Antonio Ramos Calamonte is confident his turnaround plan will see the struggling fashion giant return to profitability in 2025 – despite, it plunging to an almost £300m full-year loss. He plans to do this by a shift “back to fashion” But what exactly does this entail?
Unspun is a robotics and digital apparel company based in Hong Kong and San Francisco that builds custom jeans for each consumer on demand. Unspun was founded on the notion that we can create fashion on-demand to help eliminate the massive waste issue within the fashion industry,” Walden Lam, CEO and co-founder of Unspun told Inside Retail.
The Range has since started opening Wilko stores and owner Chris Dawson told Retail Gazette earlier this month that he plans to open 40 more next year. Although White has had some successes, such as the launch of John Lewis value range Anyday, some elements of her plan such as its foray into housing has been met with criticism.
In 2021, UK retailer Iceland announced that it planned to become carbon neutral by the end of 2022. Zara, global fastfashion leader, now ships online orders in 100% recycled cardboard boxes manufactured from boxes previously used in-store. However, sustainability does not always work out as expected.
American Apparel At its height of popularity, American Apparel, which made all of its clothing in the US, was available in more than 20 countries and at over 200 stores. The alleged misconduct , coupled with questions surrounding its advertising methods, sent sales at American Apparel spiralling.
The apparel industry usually eats retailers for lunch. Spanish retailer Zara has bucked a trend set by other apparel brands by manufacturing close to home. Along with that move Inditex had a plan to close up to 1,200 stores by the end of 2022 and open 450 new stores. These companies include Shein, Boohoo, Fashion Nova and ASOS.
Many categories were wildly up, most notably Apparel which was up 727% vs the same month last year. Um and shop for apparel. [3:41] Um and shop for apparel. [3:41] Apparel had the greatest comp month in the history of apparel since someone like invented the first fur to put on the naked guy. vs Q4 2020, up 39.1%
While many people still like the treasure hunt aspect of going to a thrift store some find it more convenient to shop for secondhand apparel online. I certainly didn't appreciate how that insight could eventually upend how we look at innovation in retail, the apparel industry, and our environment.” Looking back on that moment.
Extraordinarily inexpensive apparel and you know inexpensive tchotchkes that you probably didn’t know you need but like if you start browsing the side it for a.m. Jason: [2:00] Social shopping exactly and so it’s super interesting and they’re doing really well so they launched an e-commerce site in the u.s. percent so. [31:38]
So you know I’m acutely aware that you can’t control timing and, and yet the kind of put yourself out there so that was my plan last year and in doing so what I realized was I’m like I get the most energy and I do my best work when, back in the phase of a company where it’s. [33:22]
Shein has moved from its humble beginnings as a small player in the ultra-fastfashion world to a global juggernaut – reshaping the fashion market with rock-bottom prices, a lightning-fast supply chain, and dominant social media presence. Sheins pre-tax profits in the UK doubled from 12.2m in 2024.
Shein has moved from its humble beginnings as a small player in the ultra-fastfashion world has grown to a global juggernaut – reshaping the fashion market with rock-bottom prices, a lightning-fast supply chain, and dominant social media presence. “This group isnt watching Panorama documentaries.”
For a more immersive experience, customers can browse the Nikeland showroom to dress their avatars, choosing different shoes, apparel, and accessories. The fast-fashion brand entered the metaverse with free NFT apparel, becoming the first affordable fashion brand to launch a digital collection.
Because again they weren’t dealing with competitive sales my department store experience was the opposite, if you’re in buying wholesale someone else will put the goods on sale and of course today you know 30 years later plus it’s the standard. [7:35] 7:35] And so I decided when I got to Ann Taylor. [7:39]
But there still is a lot of inventory moving through the system and all that inventory moving through the system is based on what everyone thought the man was three months ago and because, the macros are shifting so fast and you know we’ve gone from all these wants to needs like most of that inventory is still wrong.
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