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Fast fashion firms prepare for EU crackdown on waste mountain

Inside Retail

In a warehouse on the outskirts of Barcelona, women stand at conveyor belts, manually sorting T-shirts, jeans and dresses from large bales of used clothing – a small step towards tackling Europe’s towering problem of discarded fashion. Despite such efforts, less than a quarter of Europe’s 5.2

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Vestiaire Collective’s fast-fashion ban: clever or counterproductive?

Inside Retail

Last November, international fashion resale platform Vestiare Collective shocked the apparel industry by banning the trade of ‘fast-fashion’ labels. Wone, who joined Vestiaire Collective in March 2020, said the ban underlines Vestiaire Collective’s founding mission – to drive collective change towards a circular fashion economy.

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Can AI help shrink fast fashion’s carbon footprint? New research is promising

Inside Retail

A new study demonstrates how AI can revolutionise fast fashion by improving supply chain efficiencies and in turn reducing the industry’s carbon footprint. The fast fashion industry is valued at US$2.5 trillion and employs some 75 million people, however, its economic impact is underscored by its environmental pollution.

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Shein to miss out on FTSE 100 as British Fashion Council hits out at planned IPO

Retail Gazette

Shein will miss out on a place on London’s FTSE 100 as the soon-to-list fashion retailer will not sell enough shares to qualify. Companies need to have a minimum free float of 25% to be included in the FTSE index, and c ity sources told The Sunday Times that the fast fashion behemoth will not sell enough shares.

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How the Fashion Industry Can Pave the Way for a Sustainable Future

Retail TouchPoints

For decades, there have been continued debates surrounding sustainability and the fashion industry’s position in implementing and maintaining a sustainable value chain, where renewable resources from the environment can be continually used and human rights are protected. An Eco-Conscious Journey. Shifting Attitudes Across the Industry.

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

Inside Retail

Asos recently launched its first ever rental edit with UK-based rental marketplace, Hirestreet, as the struggling online fashion retailer attempts to stem its losses amid a decrease in consumer spending. The story so far The move into fashion rentals comes at a critical time for Asos. million (A$165.7

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