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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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Exploiting Loopholes: The Dark Side of Fast Fashion Giants Shein and Temu

Retail TouchPoints

Fast fashion is not free. Someone, somewhere is paying the price.” – Lucy Siegle The fast fashion industry is hardly new, but the recent rise of international powerhouses has sparked new conversations and insights into the industry. But how, and why, are these fast fashion superpowers making so much money?

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Fast fashion firms prepare for EU crackdown on waste mountain

Inside Retail

Precise data on the growth of clothing waste is scarce but collection for recycling and reuse increased gradually in several European countries from around 2010, a 2021 EU report said. Fast fashion, or making and selling cheap clothes with a short lifespan, is “highly unsustainable”, the Commission said in July.

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Can AI help shrink fast fashion’s carbon footprint? New research is promising

Inside Retail

A new study demonstrates how AI can revolutionise fast fashion by improving supply chain efficiencies and in turn reducing the industry’s carbon footprint. The fast fashion industry is valued at US$2.5 trillion and employs some 75 million people, however, its economic impact is underscored by its environmental pollution.

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Shein Buys Missguided, Ushering in ‘New Format of Partnerships’

Retail TouchPoints

Digital fast fashion retailer Shein has acquired UK women’s retailer Missguided from Frasers Group. Missguided has been under pressure for several years, first falling into financial difficulties in late 2021 when it was saved by an investment from private equity firm Alteri. .

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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. consumers ( 73 million ) resold an item of apparel in 2021, and ThredUP anticipates that number will reach 195 million in the future.

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H&M sues Shein, alleging designs were copied

Inside Retail

Swedish fast-fashion giant H&M has sued Chinese rival Shein in Hong Kong over copyright infringement. The Swedish retailer is seeking compensation for unspecified damages and an injunction to prevent Shein from repeating the copyright violation, according to Bloomberg.