09 September 2024
09 September 2024
Industry experts discuss whether Authentic Brands Group (ABG) is wise to relaunch Ted Baker across multiple markets this autumn following its bankruptcy earlier this year.
This week’s London Fashion Week will include appearances from eBay and Vinted as the industry continues to shine a light on sustainable models – but a new report suggests the British fashion industry still has a long way to go.
Ultra-fast fashion giant Shein’s annual ESG report shares a significant increase in the company’s absolute emissions from 9.17m metric tonnes of CO2e in 2022 to 16.68m metric tonnes of CO2e in 2023.
Uzbekistan’s deputy prime minister Jamshid Khodjaev told global apparel and textile conference delegates his country welcomes more investment in its apparel and textile sectors as it continues to improve legislation according to international standards.
US lifestyle fashion brand Faherty Brand has partnered with Swedish circular material company Circulose (formerly Renewcell) on a new collection made entirely from textile waste.
Blockchain-based traceability platform Aware has partnered with sustainable apparel brand Outerknown to launch its first traceable product, a men’s blanket shirt.
Biotechnology company Applied DNA Sciences Inc. (Applied DNA) has received a subcontract award from global assurance firm LRQA for a pilot isotopic testing programme in Pakistan to make the industry more transparent.
Contra Denim, a new concept created by three textile innovators, uses new technology to create distressed effects and intricate patterns with cleaner processes that save water and reduce greenhouse gas emissions.
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Per GlobalData, the apparel rental market was valued at $6.2 billion in 2023 and is expected to achieve a CAGR of >11% during 2023-2027. Affordability represents the biggest incentive for renting apparel according to the UK consumers, as it is more cost-effective than buying items brand new. An increasing number of retailers and brands have begun launching their own rental propositions in recent years, and though these initiatives are unlikely to drive significant revenue, they allow brands to improve their sustainability credentials and relevance.
Per GlobalData, the apparel rental market was valued at $6.2 billion in 2023 and is expected to achieve a CAGR of >11% during 2023-2027. Affordability represents the biggest incentive for renting apparel according to the UK consumers, as it is more cost-effective than buying items brand new. An increasing number of retailers and brands have begun launching their own rental propositions in recent years, and though these initiatives are unlikely to drive significant revenue, they allow brands to improve their sustainability credentials and relevance.
Per GlobalData, the apparel rental market was valued at $6.2 billion in 2023 and is expected to achieve a CAGR of >11% during 2023-2027. Affordability represents the biggest incentive for renting apparel according to the UK consumers, as it is more cost-effective than buying items brand new. An increasing number of retailers and brands have begun launching their own rental propositions in recent years, and though these initiatives are unlikely to drive significant revenue, they allow brands to improve their sustainability credentials and relevance.
Per GlobalData, the apparel rental market was valued at $6.2 billion in 2023 and is expected to achieve a CAGR of >11% during 2023-2027. Affordability represents the biggest incentive for renting apparel according to the UK consumers, as it is more cost-effective than buying items brand new. An increasing number of retailers and brands have begun launching their own rental propositions in recent years, and though these initiatives are unlikely to drive significant revenue, they allow brands to improve their sustainability credentials and relevance.
Per GlobalData, the apparel rental market was valued at $6.2 billion in 2023 and is expected to achieve a CAGR of >11% during 2023-2027. Affordability represents the biggest incentive for renting apparel according to the UK consumers, as it is more cost-effective than buying items brand new. An increasing number of retailers and brands have begun launching their own rental propositions in recent years, and though these initiatives are unlikely to drive significant revenue, they allow brands to improve their sustainability credentials and relevance.
Per GlobalData, the apparel rental market was valued at $6.2 billion in 2023 and is expected to achieve a CAGR of >11% during 2023-2027. Affordability represents the biggest incentive for renting apparel according to the UK consumers, as it is more cost-effective than buying items brand new. An increasing number of retailers and brands have begun launching their own rental propositions in recent years, and though these initiatives are unlikely to drive significant revenue, they allow brands to improve their sustainability credentials and relevance.
Per GlobalData, the apparel rental market was valued at $6.2 billion in 2023 and is expected to achieve a CAGR of >11% during 2023-2027. Affordability represents the biggest incentive for renting apparel according to the UK consumers, as it is more cost-effective than buying items brand new. An increasing number of retailers and brands have begun launching their own rental propositions in recent years, and though these initiatives are unlikely to drive significant revenue, they allow brands to improve their sustainability credentials and relevance.
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