Inside Retail

MARCH 27, 2022

Co-founder and co-CEO Kirsten Kore says the business is in the “right place at the right time” to capitalise on consumers’ growing interest in sustainable alternatives to fast fashion, such as rental. According to FMI, global online clothing rental sales are expected to grow 11 per cent CAGR between 2021 and 2031.

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Independent Retailer

NOVEMBER 8, 2022

For retailers, this transformation is being driven by consumers, with 80 percent of American shoppers reportedly considering sustainability before making a purchase. In addition, the financial returns result in greater competitive advantage and innovation. Large brands have already taken the pledge to greener packaging and labeling.

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Inside Retail

SEPTEMBER 4, 2022

However, the birth of fast fashion and the rise of the millennials soon pushed Esprit out of the game – and the Hang Seng Index – in 2013, sparking a continuing downward spiral for the years to come. Last, but not least, a digital device resembling a vending machine stands awkwardly at the back of the store.

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