article thumbnail

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.

article thumbnail

Secondhand Grew 15X Faster than New Apparel Sales in 2023, but ThredUp CEO Still Sees Ample ‘White Space’

Retail TouchPoints

alone, secondhand apparel accounted for $43 billion in sales in 2023, and it’s expected to reach $73 billion by 2028. And a bill in France that would impose levies on fast fashion companies and restrict their advertising opportunities is making its way through that country’s parliament. In the U.S.

Apparel 240
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Analysis: Why Abercrombie & Fitch’s turnaround has not been cancelled

Inside Retail

Other flagships followed as far afield as Tokyo, Milan, Paris, Madrid and Singapore – although advertising in the latter market quickly fell foul of guidelines on decency. As part of the turnaround, speed to market has been increased, allowing it to compete more effectively with fast fashion retailers like Zara.

article thumbnail

Spring Fair looks ahead to 2025 following a buzzing show

A1 Retail

I’ve seen some fabulous new products, and some new accounts opened.” Richard Keel, Managing Director of Keel Toys said, “The footfall and orders across Sunday and Monday have been really good, we have opened a high number of new accounts. Sue Waterhouse, Mia James Interiors said, “The show is beautiful.

Fashion 59
article thumbnail

Experts predict the biggest fintech trends for 2023

365 Retail

While traditionally, BNPL services were used to split payments for high value items, they soon became associated with online fast fashion brands, targeting Gen Z and Millennial shoppers. The financial promotion rules for BNPL are also set to change to ensure advertisements are clear and do not mislead consumers. .

article thumbnail

Jason & Scot Show Episode 318 Temu Deep Dive with Earnest Analytics

Retail Geek

They sourced respectively from a large account aggregator, like a budgeting app, and part of a POS system in the US. In the first three months, for context, it had roughly as many weekly active users in the US as the largest fast fashion brand, Shein, and within 10 months had surpassed Shein in sales. Scot: [17:35] Got it.

article thumbnail

Jason & Scot Show Episode 316 Annual Predictions 2024

Retail Geek

And last year, they added automated integrations with Snap, Criteo, which Criteo is a multi-platform advertising platform, and TikTok. And I heard the giant French advertising company that is helping them do it is decent too. And that did not happen.