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Some of Europe’s largest fashion companies will start collecting discarded clothes from April as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected to come into force in 2026. Reporting by Corina Pons; Editing by Charlie Devereux and Mark Potter, of Reuters.
.” Partly funded by Zara-owner Inditex, Moda Re will expand sites in Barcelona, Bilbao, and Valencia, in some of the first signs of a planned ramp-up in garment sorting, processing, and recycling capacity in response to a barrage of new European Union proposals to curb the fashion industry.
However, after several years of diminishing sales in an increasingly competitive fast-fashion market, rumors have been spreading about Forever 21 declaring Chapter 11 bankruptcy for the second time. As Global Datas managing director Neil Saunders explained, Forever 21 has been battered by the rise of Shein and to a certain extent Temu.
Compared with ten years ago, when I was on the retail side as a store manager, the amount of customisations that girls want, and the amount of changes on a dress, have increased because now everyone is ‘special’,” White explained. It has it all.”
A new study demonstrates how AI can revolutionise fastfashion by improving supply chain efficiencies and in turn reducing the industry’s carbon footprint. The fastfashion industry is valued at US$2.5 trillion and employs some 75 million people, however, its economic impact is underscored by its environmental pollution.
The fashion industry, in particular, has come under scrutiny for its environmental impact for some time, with Australia alone discarding 222,000 tonnes of clothing annually into landfill. As a result, consumers are turning and looking to second-hand shopping as a more sustainable alternative to fastfashion.
These struggles to improve manufacturing processes are most visible in the textiles industry given the “fastfashion” trend — rapidly producing large volumes of inexpensive garments designed to capitalize on style trends. Sanjay Tugnait is the Chief Market Maker and Global Managing Partner – Sustainability Practice for IBM Consulting.
To what extent can fastfashion brands make inroads in their sustainable practices and reduce their textile waste without fundamentally changing their business and operating model? This further fuel[s] their hyper-fastfashion model.”
Today, Francescas evergreen pieces, like their stacking bracelets, represent the kind of brand longevity most fast-fashion jewellery houses envy. Their long-term vision includes launching a dedicated foundation to manage impact directly. That shift has paid off. Hanna noted.
Fast-fashion giant H&M is to close its high-profile store at Westfield Bondi Junction in Sydney’s eastern suburbs, unable to agree on lease terms with owner Scentre Group. H&M country manager Thomas Coellner said in a statement that the decision was made following a global review of sustainable store operations. “At
It speculated that future fashion collections could be made with a creative director and an AI program to bring clothes and accessories to market faster, more efficiently and improve the CX factor as well. An article from McKinsey & Co explores this idea in some depth.
RFID Technology and Sustainability RFID technology is the key for retail businesses to unlock greater sustainability and efficiency in their supply chain management. In this way, RFID technology can allow retailers to manage their inventory better and ensure that resources are only being used for products that sell.
An American freelance artist has sued Chinese fast-fashion retailer Shein for US$100 million, alleging the company copied her artwork without permission. Stephenson’s filing argues that by using Shein’s name and logo on the product’s packaging, Shein has added “false” copyright management information. “In
Shein, the China-founded fast-fashion retailer, has bought the Missguided brand from Mike Ashley’s Frasers Group, the e-commerce giant’s first purchase of a British brand. Missguided will be managed through the joint venture, and its products will be manufactured by Shein.
Fastfashion has normalised using garments for short periods of time, and throwing them away when trends change, driving an unsustainable pattern of overproduction and overconsumption. It envisions that fastfashion will be out of fashion, and that economically profitable re-use and repair services will be widely available.
The main lesson here for other designer fashion businesses is the importance of adapting, innovating, and financially managing for resilience in a competitive global market,” Iacono concluded.
Rosanna Iacono, advisor and managing partner at The Growth Activists, noted that Asos offers up to 60,000 different products for sale at any given time, so the 180 outfits that are available to rent are a very modest start. An important move As a way to attract more cost-conscious consumers, Asos’ deal with Hirestreet makes a lot of sense.
While Chadstone was not yet ready to provide data, its centre manager Daniel Boyle told Inside Retail that Black Friday has continued to increase in popularity and productivity over the years. It did so to raise awareness around waste, and over-consumerism caused by the rampant fast-fashion industry.
Fast-fashion giant H&M recently unveiled the autumn/winter 2024 collection from its atelier spinoff H&M Studio. The limited-edition fashion drop signals the brand is “returning to its roots and reconnecting with its community through a global ‘re-ignition’,” H&M’s head of design Eliana Masgalo told Vogue Scandinavia.
Amid the rise of fastfashion and social media platforms accelerating consumptive behaviour, it appears that many Australians aren’t wearing or re-wearing the clothes they purchase. This was highlighted by the Fashion Resale Report from online retailer Reluv and Monash University. Consumer behaviours will also inevitably change.
Amazon Australia today announced the launch of Amazon Warehouse, a new storefront on the country’s Amazon site, which offers pre-owned and open box items that include a wide range of items, including fashion, electronics, accessories, toys, music, books and more. The future of secondhand fashion.
This is probably because consumers are more interested in continuing to get technically superior and trendy clothes (and cheap ones in the case of fastfashion), than they are in environmental or social impacts. Lululemon is pumping out strong revenue growth, particularly internationally.
Where fastfashion has been such a ‘go-to’ for ‘treat yourself’ spending, the longevity of such pieces weighs on spenders today. Therefore, instead of spending in volume at lower cost with fastfashion, people are looking to timelessness, rarity and longevity.”.
In the UK, the Competition and Markets Authority (CMA) has scrutinised sustainability claims made by fastfashion brands Asos, Boohoo and George at Asda, concluding they constitute greenwashing. “Investors are doing their due diligence on choosing fund managers when choosing companies to invest in,” she explained to LSJ. “It’s
Melbourne-based e-commerce platform Airrobe launched three years ago with the mission to bring the circular economy into mainstream fashion. Your customers can then add their items to the circular wardrobe, then we take over and manage the entire peer to peer marketplace. The reality with fastfashion is it’s achievable.
“It is quite the milestone, it does mean we’ve officially taken the designer crown of being the longest-running consumer fashion event in Australia,” Matthew Flinn, MFW senior manager, told Inside Retail.
“With more than half of all consumers shopping for secondhand apparel last year, it’s evident that resale is now firmly embedded in the fashion landscape ,” said Neil Saunders, Managing Director at GlobalData , which conducted the research for the report, in a statement. Now the question is: Where does resale go from here?
A new type of fastfashion Speed of service and convenience have been battlegrounds that businesses across the retail industry have long fought, and is a large part of what customers expect. “The demand is there to get the product straight away, but not everyone can necessarily go to their local store to pick it up,” he explained.
The Chinese fastfashion giant may be one of the most downloaded fashion apps around the world, but it continues to maintain a low corporate profile. Ask any consumer to name a fastfashion retailer and they probably think of H&M, Zara or Gap. Fastfashion, but slow deliveries. Inclusive fashion.
“We knew that the key was technology to support the supply chain, so from day one, we’ve invested heavily in building proprietary technology that’s simple, fast and reliable,” he told Inside Retail. For retailers offering custom options, returns are also less than 2 per cent, compared with over 30 per cent at traditional brands.
Over the past 18 months, privately-held Shein, whose official name is Zoetop Business Co, has taken the fast-fashion world by storm. Its biggest investors include Sequoia Capital China and Tiger Global Management. The retailer did not respond to a request for comment on what its standards for suppliers are.
Supply bottlenecks, slower product deliveries and higher freight and labour costs risk shifting the fastfashion industry into the slow lane, as shown this week by British online fashion retailer Asos. Cheap supplies from Asia have been central to many fastfashion business models.
Located on 77 Albion Street, Leeds White Rose will open its doors on Friday 26th July to savvy shoppers looking for clothing, footwear and accessories from popular high street and designer brands. As we become more aware of the impact of fastfashion on the environment, pre-loved has become the popular choice.
Last year’s must-have dress, yesterday’s flares and countless other Western castoffs are strangling the Global South, prompting calls for fastfashion to pay the price for rampant overproduction. Fashion reparations? “We’re collecting used clothes from our beaches and gutters every week.
Fastfashion label H&M has named Daniel Ervér as its new president and CEO as Helena Helmersson departs the group. Since then, Ervér has been responsible for merchandising at H&M in Germany and the US, country manager for H&M Sweden, purchasing manager for H&M and responsible for H&M women and men.
Nothing but time Sarah Knop, national engagement manager at Baptist World Aid Australia, told Inside Retail that, when faced with financial challenges, many consumers will opt for value and low price. Notably, there has been a 12.5
But for Adidas to actually sit up and take serious notice, they need to achieve more than a few articles,” Phoebe Netto, managing director of Pure Public Relations, told Inside Retail. Consumers, in his opinion, are also finding it hard to give up on their addiction to fastfashion so they are inadvertently going along with the greenwashing.
Online fashion retailer Asos set out plans to cut its environmental impact and improve worker rights on Thursday, tying its success in cutting waste and carbon levels to future management pay.
Posting on LinkedIn on Wednesday, Gabriel Bastien-Dietrich, the company’s general manager of American sportswear, said: “Very exciting times at True Alliance as [group head of digital] Ken Kennedy and his team prepare for the official launch of the brand new #GapAustralia website.”. They flew right in the face of fastfashion.
As part of the turnaround, speed to market has been increased, allowing it to compete more effectively with fastfashion retailers like Zara. Throughout its latest financial year, store sales suffered from lockdowns in many of its markets, but e-commerce has managed to pick up some of the slack.
Valued at US$100 billion ($150 billion) , fastfashion brand Shein is in hot water after a recent Channel 4 documentary hosted by British journalist Iman Amrani, Inside The Shein Machine , lifted the veil of secrecy behind the corporation’s operations in China. A race to the bottom.
Boasting a large selection of everything from ultra-affordable party dresses to £1 bikinis, this fastfashion e-tailer was the preferred choice of the Love Island cast and everyone who wanted to be on the show or wished to look like those on the show. Missguided was once Britain’s most visited online retailer. Self-inflicted wounds.
The retailer was founded in 1986 by Raúl Méndez on Spain’s Gran Canary Island, and now has 145 points of sale throughout Spain, including 125 stores, and operates under the women’s fast-fashion brands Encuentro Moda and Öbu. D Cloud RFID inventory-management software. To date, the !D
The scale of the fastfashion phenomena is driven by the young – the perceived conservatism of the older generation on renting is balanced out by the higher likelihood of them hanging on to clothes for much longer or repairing damaged items rather than re-buying. The subscription box from Ralph Lauren. But this is only half the story.
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