How brands, retailers and resellers are combating overproduction A new report from Sharecloth revealed that nearly 30 percent of fashion goods produced go unsold. Furthermore, more than 50 percent of fast fashion sold is thrown out less than a year later, with 12.8 million tons of clothing annually dumped into landfills.
How Brexit uncertainty and Asos’ stock crash illustrate the precarious position of British fashion On Monday, the British fashion retail giant Asos announced that its stock had crashed by an astonishing 40 percent. After a truly dismal November, fashion retailers across the U.K. have seen massive downturns and are turning to slashing prices as the only reliable way to get people to continue spending....
Tmall won over luxury brands in 2018 Tmall, the massive Chinese e-commerce platform, has positioned itself as the gateway between brands from outside of China and Chinese consumers, who are increasingly some of the most valuable and lucrative audiences for luxury brands.
As Victoria’s Secret’s dominance wanes, more inclusive bra brands are swooping in to pick up the pieces In the third quarter of 2018, the once-dominant underwear brand Victoria’s Secret saw yet another dip in overall sales as it struggles to regain an audience that is increasingly choosing competitors. In the wake of Victoria’s Secret’s falling out of favor, a number of other brands are capitalizing on the...
Major sneaker resellers share how the market is leading to ‘the reinvention of retail’ The sneaker resale industry is valued at more than $1 billion, and resellers like Stadium Goods have received funding from major players like LVMH’s Luxury Ventures investment arm. We spoke to some of the biggest resellers in the world -- GOAT, StockX and Stadium Goods -- to explore where the...
With acquisition of Stadium Goods, Farfetch solidifies streetwear and luxury’s relationship The move comes at a time when the worlds of streetwear and luxury are increasingly coming together and Stadium Goods has been at the center of this convergence. The reseller previously received significant funding from LVMH’s investment arm. Both companies stand to gain from the move, each offering access to...
Money is the only thing that will make fashion brands take responsibility for their mistakes Controversies in fashion, from harmless gaffes to crude and offensive statements to outright instances of harassment and assault, happen constantly. The fashion industry is notorious for its loose morals in everything from the treatment of models to the sourcing of its materials. But when these controversies arise, brands often react...
How the primary and secondary fashion markets are coming together With all the money being poured into the resale world by consumers today, how do brands feel about so many of their potential customers buying their clothes from somewhere else? Surprisingly, many brands are not as hostile to the resale market as one might think.
Yoox targets millennials with new AI shopping avatar Yoox, one half of the Yoox Net-a-Porter group, announced today the launch of a new tool called YooxMirror that introduces several new functions to the brand’s iOS app, some of which are in line with other trends in the e-commerce industry and some are completely unique.