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June 2023
PARIS – Vestiaire Collective’s move to take fast fashion out of its brand mix has resulted in a lift within the positive environmental impact from its resale model, in line with its latest impact report.
Last November the corporate moved to ban fast fashion brands, including Asos, Shein, Burton, Fashion Nova, Pretty Little Thing, Missguided, Topman, Topshop and Tezenis, amongst others.
According the the impact report, 80 percent of respondents said that they're investing in higher-quality pieces because of this and 58 percent said they're buying fewer fast fashion items as an upscaling knock-on effect of buying higher items.
“It’s a positive sign to say, ‘You realize what, you possibly can live without fast fashion, and move on to raised made and more...
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SHANGHAI — Based on this yr’s 618 online shopping festival results, Chinese consumers are starting to spend more cautiously, because the post-reopening consumption rebound began to lose steam.
In line with Syntun, a third-party data provider, total gross merchandise volume during 618 from major e-commerce platforms similar to Tmall, JD.com, Douyin and Pinduoduo reached 614.3 billion renminbi, or $85.8 billion, a rise of 5.4 percent year-over-year but logging the slowest growth rate since 2020.
Alibaba, Tmall’s parent company, selected to deal with empowering small merchants. The corporate said GMV for over 2.56 million small-to-medium-sized firms topped last yr’s 618, with 1.18 million breaking the ten,000 renminbi mark.
JD.com, which celebrated its twentieth anniversary on Sunday, also said the event “surpassed all growth...
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