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Fast fashion firms prepare for EU crackdown on waste mountain

Inside Retail

Fast fashion, or making and selling cheap clothes with a short lifespan, is “highly unsustainable”, the Commission said in July. In France this system has already been in place since 2008 under an organisation called Refashion. As in Spain, textile waste associations would be set up in each country.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

New ultra fast fashion 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 fast fashion, and a slew of new competitors began to emerge.

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11 Things You Need to Know About Shein

Indigo 9 Digital

The fast fashion retailer turns out new trends even faster than the likes of Zara and H&M. Shein, unlike some of its rivals, does not have any permanent stores and now is the largest online only fashion site in the world. Shein is even taking on legacy fast fashion stalwarts. Do you like this content?

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6 hugely popular fashion retailers that fell out of favour

Retail Gazette

The American retailer opened its first store outside of the States in Brent Cross, London back in 2008 before going on an expansion spree across the UK, including in Manchester, Liverpool, Bristol, Birmingham, Southampton and Newcastle. Thriving during the Made in Chelsea era, the business held a valuation £140 million.

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Experts predict the biggest fintech trends for 2023

365 Retail

While traditionally, BNPL services were used to split payments for high value items, they soon became associated with online fast fashion brands, targeting Gen Z and Millennial shoppers. The financial promotion rules for BNPL are also set to change to ensure advertisements are clear and do not mislead consumers. .