Daily Newsletter

09 September 2024

Daily Newsletter

09 September 2024

In data: Shein’s emissions almost doubled between 2022 and 2023

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.

Rachel Lawler September 09 2024

Despite these ambitions, its own ESG report demonstrates a significant increase in emissions across all three Scopes and in all categories listed. Credit: Shutterstock.

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Apparel Rental Market Overview

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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Apparel Rental Market Overview

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.

Buy report

Apparel Rental Market Overview

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.

Buy report

Apparel Rental Market Overview

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.

Buy report

Apparel Rental Market Overview

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.

Buy report

Apparel Rental Market Overview

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.

Buy report

Apparel Rental Market Overview

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.

Buy report

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