This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Fastfashion brand H&M recently launched Loooptopia, a Roblox game focused on creating, trading and recycling digital fashion items. It’s the latest apparel company to set up a virtual environment on the platform where players can style their avatar and run or scoot around Loooptopia districts collecting tokens. .
Shein and Forever 21 are joining forces in a deal that will allow Forever 21 to sell its youth-focused apparel to Shein’s 150 million online users. has accused China of committing genocide and using forced labor in its repression of Muslim Uyghurs.
With the launch of SA1NT Layers, Former 2XU owner Aidan Clarke has gone back to his roots, with a renewed focus on performance and recovery sportswear apparel. Unfortunately, many garments claim compression but don’t have anywhere near the power and support to actually elevate blood return. We sought to armour the risk takers.
retail segment; the National Retail Federation (NRF) found the value of merchandise returned by consumers last year topped nearly $750 trillion. There is clearly a mounting and significant return waste problem. So why aren’t merchants processing these returns in efforts to recoup these massive losses? Take the U.S.
But as ThredUp ’s 12th annual Resale Report shows, the need for a hard sell is over — consumers of all ages have clearly bought into the idea, with secondhand apparel sales growing 15X faster than the broader retail clothing sector in 2023. In the U.S. In the U.S.
Last November, international fashion resale platform Vestiare Collective shocked the apparel industry by banning the trade of ‘fast-fashion’ labels. Fastfashion has no value, and even less in resale. Dounia Wone, Vestiaire Collective’s chief impact officer.
The resale market is growing 11 times faster than traditional retail and is expected to reach $84 billion by 2030, far eclipsing the predicted $40 billion market for fastfashion. . Here’s how brands can marry sustainability with returns optimization to get better ROI out of what they’ve already invested in — chiefly, their products.
With Zara-owner Inditex and H&M set to disclose their most recent sales results, investors will be focused on one major question: how are the two fast-fashion pioneers responding to the current market leader, Shein? Shein accounted for nearly one-fifth of the global fast-fashion market in 2022, outpacing Zara and H&M.
Following the news that theboohoo group has rebranded as the Debenhams group; Chloe Collins, head of apparel at GlobalData, offers her view: The boohoo groups rebrand to become the Debenhams group highlights how much its youth fastfashion brandsPrettyLittleThing,boohoo.com, and boohooMANcontinue to struggle.
This year saw the proposal of the Fashion Sustainability and Social Accountability Act. Particularly for those operating in fastfashion, where the negative environmental and social impact of unsustainable practices is increasingly under public and media scrutiny. Recommerce.
Custom apparel retailer Institchu has just unveiled an innovative new technology that will offer other brands the same made-to-measure capabilities it has in its business. The newly launched software-as-a-service product, called Taper, will make it easy for traditional retailers to begin custom tailoring apparel for their shoppers.
A $275 billion dollar windfall In the next three to five years, generative AI could add $150 billion, conservatively, and up to $275 billion to the apparel, fashion, and luxury sectors’ operating profits, according to McKinsey & Co research. It has so far had little experience with generative AI – but that could soon change.
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.
While this kind of transformation is tougher for products that can’t be digitized, the concept of a “sharing economy” for items like apparel and furniture is taking hold alongside that of recommerce, all of which feeds into the push toward circularity. It’s the thrill of the hunt,” said Ruben. Retail has become fairly sterile.
Brick-and-mortar retail is struggling, and apparel and footwear stores are suffering more than most. Increased Competition Over the past few years, small- and medium-sized fashion and footwear retailers have faced intense competition from all sides. That’s sad news for employees, customers and other stakeholders.
Fulfilment by GlamCorner now sees the platform handling the logistics of clothing rental on behalf of fashion brands, including warehousing, cleaning, shipping and returns, and giving brands their own rental stores, which they can embed in their e-commerce sites and promote to customers.
Despite promoting a Join Life collection with more sustainable materials, Zara has been criticised for low numbers of recycled clothes being made into new garments and promoting more of the same fast-fashion behaviours that create greater waste and a weighty carbon footprint.
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid transit times, more than ten industry sources said. TikTok Shop did not return messages seeking comment. Apple declined to comment.
Without real-time visibility or existing systems in place to manage excess levels, cross-functional teams wasted valuable time and resources on work that didn’t produce valuable returns on investment. And for some industry-leading brands, billions of dollars in lost capital from unused excess inventory is still an unfortunate reality today.
Meanwhile, NRFs vice president of industry and consumer insights Katherine Cullen, PwCs global retail leader Kelly Pedersen, Happy Returns chief operating officer Timothy Fehr and Pinterests director of consumer product marketing Rachel Hardy discussed emerging consumer trends in 2025.
Yet consumer demand is not wavering and fashion trend cycles are shorter than ever due to social media, fastfashion, and technology. Resale is one of the fastest-growing markets and in ThredUp’s 2022 Resale report, it’s predicted that apparel resale will reach an estimated US$218 billion by 2026.
The resale platform is known as the leading destination to buy and sell rare and exclusive popular culture items such as sneakers, apparel, electronics, collectibles, and accessories. Major brand collaborations aren’t always between luxury fashion brands, elusive artists and uber-famous musicians and athletes, either.
Shein, the Chinese fast-fashion giant, is by no means a leader when it comes to sustainability. While no brands claim zero stock, making apparel that closely matches needs is a path to keeping unwanted products out of landfill. This helps customers get what they want while increasing online conversions and reducing returns.
Following today’s release of ASOS’ figures for the three months ending 31 May 2023; Pippa Stephens, senior apparel analyst at GlobalData, a leading data and analytics company, offers her view: “Consumers’ return to physical stores and shift away from fastfashion has continued to hit ASOS, with its group revenue in Q3 FY2022/23 plunging by […] (..)
Rugarli, who currently serves as a board member at Prada Group, will chair the fastfashion retailer’s of the ESG Committee. Asos chairman Jørgen Lindemann said: “Anna Maria joins us with a wealth of ESG experience from some of the biggest brands in global apparel.
Category sales at the chain are being led by apparel and expensive personal accessories, such as watches and jewelry, which are benefiting from the weak yen, which has been an important factor in the revival of inbound tourism.
This is likely a legacy of the 1970s and 80s, when low-quality and expensive environmental products failed on the market and early socially responsible investments produced low returns. In addition, the financial returns result in greater competitive advantage and innovation.
It’s clear there is still much for John Lewis Partnership to do in order to return to former glories, with or without White at the helm. Its UK business raked in more than £1bn in sales last year as GlobalData forecasts it will become one of the top 10 apparel firm’s in the country by market share in 2023.
Asos chief executive José Antonio Ramos Calamonte is confident his turnaround plan will see the struggling fashion giant return to profitability in 2025 – despite, it plunging to an almost £300m full-year loss. He plans to do this by a shift “back to fashion” But what exactly does this entail? Will it work?
Extraordinarily inexpensive apparel and you know inexpensive tchotchkes that you probably didn’t know you need but like if you start browsing the side it for a.m. You know they’re the biggest apparels reseller in the u.s. it appears that it’s primarily a catalog they built by aggregating a wide variety of different.
But there still is a lot of inventory moving through the system and all that inventory moving through the system is based on what everyone thought the man was three months ago and because, the macros are shifting so fast and you know we’ve gone from all these wants to needs like most of that inventory is still wrong.
Yes Shopify is acquired No An innovation in e-commerce powered by ai (gpt4) surprises us by how fast it’s adopted and how cool it is. E-com returns 10-15% growth rates. E-commerce returns to 10 to 15 percent growth rate. And it returned to sort of 10% growth.
Retailers now compete with social media networks for eyeballs Apparel has shifted from designer led to consumer led, as evidenced by the meteoric rise of Shein. We’re so very grateful to our audience, both for the time you have shared with us, and for generous opinions, feedback, and knowledge that many of you have shared.
Other ways to keep shipping costs down for consumers is to offer hybrid models such as BOPIS (buy online, pick-up in-store), curbside pickup, and BORIS (buy online, return in-store.) 82% of respondents say a positive in-location experience makes them more likely to return to a physical establishment. Tasha Apparel Wholesale.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content