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Building the business case for circular business models. Part 1: Resale

The potential of circular business models continues to grow in the apparel market—more and more rental and resale experiments and pilots are being launched and market growth is outpacing traditional retail. Nevertheless, for brands looking to design and launch a circular business model, there are many real and perceived barriers associated with...

Mar 18, 2021

Retail

The world is in lockdown, yet retailers are opening new stores

The importance of brick-and-mortar retail is often questioned amid the rise of e-commerce. Consumers have increasingly favored the ease and convenience that comes with digital retail for several years, and as the pandemic forced almost all retailers to turn towards a digital-only approach for several months of 2020, the future of in-person...

Mar 17, 2021

Fashion

Cudoni reports rise in men’s sales

Luxury fashion resale brand Cudoni is targeting men with a new campaign after reporting that increased interest in men’s resale has helped it achieve 400 percent year-on-year growth. Cudoni reports that three years ago, men made up just 20 percent of its site users, this has increased to 35-40 percent on a monthly basis. The resale platform adds...

Mar 17, 2021

Business

33 Sustainability efforts of the fashion industry in February 2021

In February, sustainability seemed high on the agenda of fashion brands and retailers, with some like H&M, Mango and John Lewis announcing not one but multiple initiatives. Resale is also booming, with second hand initiatives, resale platforms and clothing swaps making inroads. This month, FashionUnited is highlighting 33 sustainable initiatives...

Mar 12, 2021

Fashion

Christian Siriano turns the NYFW runway into a resale platform

ThredUp teamed with Christian Siriano to help the designer show secondhand clothing on his New York Fashion Week runway. Siriano selected three of his own designs that were available through ThredUp’s online resale site, which he then repurposed and showed on the runway alongside his Fall 2021 collection. Siriano’s repurposed pieces included a...

Feb 26, 2021

Retail

Zalando expands resale platform Zircle to new markets

Zalando has expanded its pre-owned fashion platform Zircle to Sweden and Denmark as the demand for second-hand fashion continues to grow. Around half of Zalando’s customers in those markets said they would consider buying pre-owned fashion within the next six months, according to a survey by the German e-tail giant. “We are very excited to...

Feb 19, 2021

Management

Resale platform Reflaunt raises 2.7 million dollars in new funding

Second-hand fashion platform Reflaunt has raised 2.7 million dollars in a pre-Series A funding round led by the investment arm of MadaLuxe Group. Reflaunt is a resale-as-a-service (RaaS) tech company allowing customers to resell or recycle their past purchases directly on the brands’ individual e-commerce platforms. The products are then offered...

Feb 18, 2021

People

Trove appoints new president and chief operating officer

Resale company Trove has appointed former L’Oréal and Google executive Gayle Tait as its new president and chief operating officer to help accelerate its growth. Trove, which powers circular shopping for brands, including Levi’s, Patagonia, Eileen Fisher and Arc’teryx, confirmed the appointment following an impressive 2020, with the second half...

Feb 15, 2021

Fashion

Big fashion brands back Bangladesh recycling scheme

Over 30 fashion brands and manufacturers have joined a new initiative to collaborate on cutting down textile waste and reusing materials to create new products in Bangladesh’s garments factories. The Circular Fashion Partnership announced this week that it is bringing brands such as H&M, OVS, Marks & Spencer, Berska, Pull & Bear, C&A, Kmart...

Feb 12, 2021

Business

13 Sustainability efforts of the fashion industry in January 2021

With biodegradable and other more sustainable denim innovations, products and collections, the fashion industry’s efforts towards more circularity and a cleaner footprint continue in 2021. Young brands, such as Qwstion, the Swiss company making premium bags, forego traditional materials altogether and make the unusual work for them, in this case...

Feb 12, 2021

Fashion

Rebag debuts image-recognition technology for luxury resale

Rebag has unveiled a new extension of its proprietary pricing tool, Clair AI. The new software utilizes image recognition technology to instantly determine the resale value of luxury handbags. Clair AI is powered by machine-learning and backed by six years of data and millions of image references collected by Rebag. The tool can currently...

Feb 4, 2021

Business

These were the sustainability efforts of the fashion industry in 2020

The year 2020 started harmless enough with several good sustainability initiatives, but they were soon overshadowed by the global Corona pandemic. From March onwards, with lockdowns and restrictions for brick and mortar stores selling non-essentials like clothing, accessories and shoes, it was more about the survival of many brands and retailers...

Dec 31, 2020