Inside Retail
MARCH 19, 2024
Since the 1990s, fast fashion has enabled everyday people to buy the latest catwalk trends. Now, just when the fashion industry should be waking up and breaking free of this vicious cycle, it’s heading in the opposite direction. We’re on a downward spiral, from fast fashion to ultra-fast fashion.
Inside Retail
SEPTEMBER 3, 2023
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. Despite the challenges, employees at Moda Re said they felt their work was positive.
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Retail Gazette
APRIL 1, 2024
Shein has seen its profits soar to over $2bn (£1.6bn), more than doubling its previous figures, as the fast fashion giant awaits approval for a stock market listing in either New York or London. Although Spanish fashion titan Inditex , the owner of Zara and Bershka still remained higher at €6.9bn (£5.9bn) last year.
Retail TouchPoints
JUNE 15, 2022
The fast fashion retailer initially re-entered China for the third time in August 2021 through online platforms Vipshop and Pinduoduo. Forever 21 first entered China in 2008 but left the country a year later. The store is slated for the Jingjiang Impression City shopping center in Taizhou, a city located near Shanghai.
Retail Gazette
JANUARY 28, 2024
of the UK’s £60.3bn clothes market while Zara sits at 2.4%, the research firm reported. Shein officially became the largest fashion retailer in the world in 2022, despite facing accusations of labour law violations and design theft. The site will be the fast fashion company’s second in the UK.
Inside Retail
SEPTEMBER 13, 2021
Chinese fast fashion retailer Shein may frequently grab headlines for the wrong reasons but there’s no denying the increasing popularity of the controversial brand. As of October 2020, Shein was the world’s largest online-only fashion company, according to Euromonitor International. The price of fast fashion.
Retail Wire
JUNE 2, 2022
That hasn’t slowed its sales momentum as the fast fashion retailer offers prices still seen as a value in the market. “We expect Inditex’s sales outperformance to widen in a downturn, as it did in the financial crisis of 2008 and 2009,” said RBC analyst Richard Chamberlain. ”
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