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As spending dips, can fashion rentals help Asos return to profit?

Inside Retail

Jose Antonio Ramos Calamonte, Asos’ CEO, has said he is confident the company will be able to return to sustainable profit and cash generation in the second half of this year and beyond. The post As spending dips, can fashion rentals help Asos return to profit? appeared first on Inside Retail.

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Fashion and retail are ripe for disruption: The promise of generative AI 

Inside Retail

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. According to Sarah Neill, CEO and founder of Mys Tyler , the world of fashion has been ripe for disruption for a long time now.

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What Europe’s upcoming ban on unsold textiles means for fashion

Inside Retail

Fast fashion 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 fast fashion will be out of fashion, and that economically profitable re-use and repair services will be widely available.

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How retailers are tackling textile waste as Aussies overconsume

Inside Retail

Amid the rise of fast fashion 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.

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The collapse and rebirth of UK fashion giant Missguided

Inside Retail

Boasting a large selection of everything from ultra-affordable party dresses to £1 bikinis, this fast fashion 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. The group also announced that Passi would be returning as CEO of the company.

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Breaking down Black Friday 2023: Retailers share how it went

Inside Retail

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.

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Analysis: Why does Shein continue to escape scrutiny?

Inside Retail

The Chinese fast fashion 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 fast fashion retailer and they probably think of H&M, Zara or Gap. Fast fashion, but slow deliveries. Inclusive fashion.