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How Shein is winning the fast-fashion war by putting consumers in charge

Inside Retail

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.

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How Shein and Temu are driving up the cost of air freight

Inside Retail

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. Apple declined to comment.

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Tommy Hilfiger gets thrifty with ThredUp

Inside Retail

People can request a prepaid shipping label from the website and send their clothes to ThredUp for sorting. 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 fast fashion shifting to preloved fashion?

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Fashion rental is back: Designerex looks to raise funds as demand surges

Inside Retail

Co-founder and co-CEO Kirsten Kore says the business is in the “right place at the right time” to capitalise on consumers’ growing interest in sustainable alternatives to fast fashion, such as rental. According to FMI, global online clothing rental sales are expected to grow 11 per cent CAGR between 2021 and 2031. Where to next?

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Three key trends in retail strategy for 2023

Inside Retail

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. During the pandemic, direct-to-consumer e-commerce brands took centre stage, including popular Australian activewear brand LSKD.

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What’s next for Designerex, the Airbnb of fashion rental

Inside Retail

In addition to the data element, Kore believes brands will benefit from better conversion rates and increased loyalty, since customers will be incentivised to buy products that have a high return on investment. The post What’s next for Designerex, the Airbnb of fashion rental appeared first on Inside Retail.

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Key Strategies for Retailers to Push Sustainability Efforts

Independent Retailer

In 2021, UK retailer Iceland announced that it planned to become carbon neutral by the end of 2022. This is likely a legacy of the 1970s and 80s, when low-quality and expensive environmental products failed on the market and early socially responsible investments produced low returns.

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