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It’s Time to Confront the Exploitation Behind Ultra-Fast Fashion

Retail TouchPoints

After May 2, ultra-fast fashion will be slightly more expensive. For years, ultra-cheap, ultra-fast fashion has rewired where and how Americans shop. Led by Chinese-founded online retailers Shein and Temu, ultra-fast fashion has succeeded in part by driving prices for trendy clothes as low as possible.

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Ultra-fast fashion is undermining efforts to make the industry more sustainable

Inside Retail

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.

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U.S. Apparel Resale to Double in Next Five Years, Fueled by Retailers and Brands

Retail TouchPoints

At the same time, the rental and fast fashion sectors are expected to remain relatively flat, and department stores, value chains and mid-priced specialty retail will lose ground. The fact that thrifting is now trendy doesn’t fully account for the huge growth in the sector — economics have also played a big role.

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H&M to Shutter 250 Stores in 2021

Retail TouchPoints

Fast-fashion retailer H& M announced plans to close approximately 250 stores next year as it seeks to step up the pace of its transformation via digital investments, store portfolio optimization and increasingly integrated channels. H&M has not yet identified which stores will be shuttered.

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Last Call for Sustainability: Imperatives for Change in the Retail and CPG Industry

Retail TouchPoints

A recent IBM Institute for Business Value study polling retail and CPG executives revealed that by the end of 2021, nine in 10 will be working on sustainability initiatives across the enterprise. Global emissions from transportation account for approximately 16%, and plastics 4%, of total greenhouse gas emissions.

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Breaking down Black Friday 2023: Retailers share how it went

Inside Retail

Shopify also reported a 26 per cent increase in in-store sales – as tracked by its POS systems – compared to 2021. billion spend this year – up 3 per cent on 2021 spending according to our ARA-Roy Morgan predictions,” Zahra told Inside Retail. Average spend increased from $155.73 with mobile transactions driving 70 per cent of sales.

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Responsible menswear brand launches London store following six-figure investment

Retail Focus

Launching in 2021, Alder & Green is re-establishing what a modern menswear brand should be, by developing responsible men’s shirts and accessories to encourage consumers to buy less and buy better. “We The clothing industry accounts for over 10 per cent of global carbon emissions.