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Fast fashion firms prepare for EU crackdown on waste mountain

Inside Retail

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. million tonnes of used textiles in 2022, more than twice as much as in 2000.

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With SHEIN Exchange Launch, Retailer Uses Resale to Mend its Wasteful Fast Fashion Ways

Retail TouchPoints

Additionally, it’s likely SHEIN was looking for a sustainability-focused facelift ahead of a planned U.S. with plans to expand it globally next year. SHEIN is launching its resale program after coming under fire for its fast-fashion practices, with criticism from circular fashion platform ThredUP at the forefront.

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Uniqlo owner sees big profit drop in China due to Covid restrictions

Inside Retail

China is Fast Retailing’s biggest foreign market, with 863 stores on the mainland and almost 90 outlets in Shanghai, where stringent lockdown measures, introduced in late March, remain in place to contain the country’s worst outbreak of the pandemic. Fast Retailing has more Uniqlo stores in China than in its home market of Japan.

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Tapping into Temu: Why American Gen Zs love the Chinese app

Inside Retail

Launched in September 2022, the Boston-headquartered platform boasts the resources of a powerful parent – China’s Pinduoduo Holdings. Like Shein, Temu offers discounted fashion and lifestyle goods, but unlike Shein it sources and ships directly from manufacturers in China.

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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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The rise of conflicted consumerism: Cost-of-living prompts UK shoppers to weigh up price versus principles in buying decisions

Retail Focus

Reduced consumption is both price and environmentally motivated While 75% of UK shoppers said they planned to cut back on spending in 2023 due to economic uncertainty, consumers are also re-evaluating how and what they buy to minimise their environmental impact.

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Three roadblocks to making circular fashion work – and how to navigate them

Inside Retail

Impending regulations In March 2022, the European Union submitted a strategy for sustainable and circular textiles calling for Digital Product Passports (Digital IDs) to be mandatory on textiles sold in Europe by 2030. Global fast fashion retailer H&M has announced it will make a move into textile sorting.

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