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Indian retail conglomerate Reliance Retail has introduced an app in India to sell Sheins fashion products through a licensing agreement, marking the Chinese brand’s return after a five-year ban due to diplomatic tensions. The company estimates the fastfashion segment to reach $50 billion by FY31.
The deal may eventually include Shein shop-in-shops at some of Forever 21’s 540 brick-and-mortar stores, which are heavily concentrated in malls, as well as offering consumers the ability to return Shein items at Forever 21 locations.
Inside H&M ’s new store in NYC’s SoHo neighborhood, the fastfashion retailer has nested a shop-in-shop featuring curated secondhand pieces — the brand’s first resale location in North America. To celebrate the debut, beginning Feb.
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.
A host of major fastfashion players, including Zara and Asos, are cracking down on serial returners who shop online by reducing promoted items or introducing fees for items sent back. The research was shown to fashion business leaders at a meeting last week held by the British Retail Consortium.
Key Goal: Extending the Product Lifecycle Goodwills operations allow it to take in and manage returns but also to identify items that can easily be resold. One Canadian retailer has Goodwill accept returns on its behalf, with customers then getting a voucher to shop for a new product with the retailer.
Typing a few words into a search engine is a key starting point for shoppers looking online for gifts or buying for themselves in Black Friday sales, the unofficial start of the holiday shopping season on the day after US Thanksgiving.
Fastfashion retailer Forever 21 will add 14 new stores to its roster across the U.S. In addition to this Southern California store, the retailer has new shops planned for Illinois, Rhode Island, Nevada, Iowa, Pennsylvania, Virginia, Massachusetts, Georgia, Florida and Puerto Rico. through June 2023.
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.
This retail renaissance is not just a return to traditional shopping spaces but also signifies a shift in the shoppers’ culture, expectations and behaviors. The move toward experiential shopping is vital in bringing people back to physical retail spaces, creating an emotional connection that can’t be found while online shopping.
For most retailers selling online, returns generate their greatest customer service challenges and inevitably drain profitability. A seamless returns experience is now a baseline expectation for customers,” explains Daly. The Shopify-backed company has more than 250 employees and oversees 2 million returns per month.
For most retailers selling online, returns generate their greatest customer service challenges and inevitably drain profitability. A seamless returns experience is now a baseline expectation for customers,” explains Daly. The Shopify-backed company has more than 250 employees and oversees 2 million returns per month.
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. . Here’s how brands can marry sustainability with returns optimization to get better ROI out of what they’ve already invested in — chiefly, their products.
Consumers are becoming increasingly mindful about sustainability when it comes to shopping habits, and luxury retail is responding by investing in sustainable initiatives that will protect the environment while still allowing them to continue delivering luxurious items.
PrettyLittleThing founder Umar Kamani is returning to the fastfashion retailer as he vows to make the brand special again. One of Kamani’s first actions will see the reintroduction of free returns to customers part of PrettyLittleThing’s loyalty programme just three months after the retailer scrapped the perk.
E-commerce businesses are navigating new economic conditions that have seen reduced discretionary spending and the Covid-19 online shopping storms subsiding. We put $1000 into US ad spend and that went crazy,” Hairis said, adding “I didn’t understand the potential until we saw the return on investment.”
She believes that the inefficiencies that have existed such as a lack of representation, poor fit and high returns have been amplified by the shift to online shopping which was accelerated by Covid, fastfashion and an increasingly global world.
Additionally, they have had to contend with the growth of fastfashion and discount retailers like T.J.Maxx and Marshalls. Mid-priced brands like Bob’s also struggle with competition from luxury retailers as well; they are often unable to provide the shopping experience or product quality needed to keep pace.
Ebay UK is returning as the headline sponsor of Love Island’s latest season, marking its fifth consecutive series in partnership with ITV. Fans of the popular reality show can also shop the villa looks via a dedicated Love Island fashion hub on its website.
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. Both socially conscious shopping and the resale sector already were on the rise before COVID, but the pandemic gave a boost to both. REI , for example.
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 term rose to the surface last year as 2020’s unique confluence of events drove consumers toward shopping alternatives that were both environmentally friendly and economically feasible. Gen Z] has this massive demand for luxury fastfashion , what we now call the ‘affordable luxury’ sector. Talk about circularity.
The US-inspired shopping event – which sees retailers across the country offer deals and discounts to tempt customers and boost sales – kicks off the peak period, and is routinely one of the busiest days on the calendar for shops, large and small. Chadstone Shopping Centre in Melbourne’s south east went all out for the shopping event.
With more than half of all consumers shopping for secondhand apparel last year, it’s evident that resale is now firmly embedded in the fashion landscape ,” said Neil Saunders, Managing Director at GlobalData , which conducted the research for the report, in a statement. In the U.S. We deserve to exist.
In The Style Fastfashion retailer In The Style slashed at least 17 roles at the end of February ahead of its collapse this month. New Look Last month, New Look announced it was exiting the Irish market and would be shutting all of its 26 shops across the Republic of Ireland. The business narrowed its pre-tax losses to 374.5m
Loyal customers are returning and increasing average order values (AOV). FastFashion trends downward, still, but there’s hope : There have been some fluctuations in fastfashion revenues, but ultimately this retail sector is down YoY: from -20% in mid-March, it has now dropped to -29.1% in mid-April 2020.
Even before the pandemic, the bricks and mortar aspect of the retail sector was undergoing major changes as the battle to attract people into stores, rather than shop online, intensified. Relatively new to Ikea are shop windows and check-out zones on all floors, all designed to engage, entertain, and inform customers.
The Chinese fastfashion giant may be one of the most downloaded fashion apps around the world, but it continues to maintain a low corporate profile. Ask any consumer to name a fastfashion retailer and they probably think of H&M, Zara or Gap. Fastfashion, but slow deliveries. Shein hauls.
Amazon Australia today announced the launch of Amazon Warehouse, a new storefront on the country’s Amazon site, which offers pre-owned and open box items that include a wide range of items, including fashion, electronics, accessories, toys, music, books and more. The future of secondhand fashion. That has totally dissolved.”.
The rest can be returned to the sender or recycled responsibly. This raises another question: with the resale market booming, is hyper-consumerism associated with fastfashion shifting to preloved fashion? Fast (preloved) fashion. Shopping for clothes is far more complex than many people realise.
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid transit times, more than ten industry sources said. TikTok Shop did not return messages seeking comment.
Over half of the biggest online fashion retailers do not offer free postal returns, Which? The consumer choice firm looked at the returns policies of the 20 biggest online fashion retailers, including Asos, Boohoo and Amazon and found that 12 do not offer free postal returns. The returns fees range from £1.99
Many members of this young, savvy demographic are exchanging their dependence on fast-fashion destinations like SHEIN , choosing to invest in quality over quantity. These consumers are using digital channels and experiences to discover and engage with once out-of-reach luxury brands. Will Luxury’s Biggest Market Rebound?
As the British high street dwindles to a handful of household names, discount retailers and independent businesses, the pressure is on to revive the high street and shop local — or risk the collapse of local retail hubs. Due to the structural nature of ecommerce, online shops remained open as usual during the coronavirus pandemic.
Boasting a large selection of everything from ultra-affordable party dresses to £1 bikinis, this fastfashion e-tailer was the preferred choice of the Love Island cast and everyone who wanted to be on the show or wished to look like those on the show. The group also announced that Passi would be returning as CEO of the company.
Meanwhile, NRFs vice president of industry and consumer insights Katherine Cullen, PwCs global retail leader Kelly Pedersen, Happy Returns chief operating officer Timothy Fehr and Pinterests director of consumer product marketing Rachel Hardy discussed emerging consumer trends in 2025.
Suddenly our ‘not good enough to donate, but not bad enough to bin’ items had a purpose; through a trip to our local shopping centre, we were able to recycle them and help turn them back into usable products. What incentives are retailers providing to consumers to return products to be recycled? Reducing, not just optimising, returns.
But now, with the pandemic posing less of an economic threat than it did just two years ago, and with customers returning to a more ‘normal’ state of shopping, it’s high time for retailers to really consider what is next for the industry. Most retailers tend to focus on the top of the funnel: on their return on advertising.
The majority of consumers across all demographics are concerned about the environmental impact of online shopping, according to new research. Almost all of Gen-Z – those born between 1997 and 2012 – feel concerned (96 percent) by the impact that online shopping has on the planet.
Without real-time visibility or existing systems in place to manage excess levels, cross-functional teams wasted valuable time and resources on work that didn’t produce valuable returns on investment. And for some industry-leading brands, billions of dollars in lost capital from unused excess inventory is still an unfortunate reality today.
Throughout 2022, there were numerous headlines indicating a monumental shift in innovation across retail and that customers were keen to get back to physical shops while retaining the convenience of hybrid shopping. As a new normal emerged, so did successful e-commerce brands, creating a presence in our local shopping precincts.
An old TopShop store in north London’s Brent Cross shopping centre has been revived after two years of sitting empty since the fastfashion brand closed down. It appeals to shoppers looking for unique vintage clothing by offering a curated selection of fashion and accessories from the UK’s most loved charity retailers.
Online shopping platform Zalora expects e-commerce to remain resilient despite the economic uncertainties facing businesses in Southeast Asia and an increasingly dimming global economy. One example of this in the world of fashion is the transition from live streaming to augmented reality shopping. What’s next?
The scale of the fastfashion phenomena is driven by the young – the perceived conservatism of the older generation on renting is balanced out by the higher likelihood of them hanging on to clothes for much longer or repairing damaged items rather than re-buying. The wedding shop at Selfridges. But this is only half the story.
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