Business |Interview

Vestiaire Collective co-founder Sophie Hersan: Gen Z enters luxury consumerism with secondhand

The second hand market is booming and, especially with the current price increases, offers a cheaper and more cycle-oriented alternative for consumers. But it can also offer more than that, says Sophie Hersan, the co-founder of resale platform Vestiaire Collective. In the age of the internet, filled with fashion drops and the hype of...

2 Dec 2022

Business

Shein overtakes Zara as most popular fashion brand of 2022

Fast fashion e-tailer Shein has topped a new ranking by money.co.uk as the most popular fashion brand in almost every country in the world. As a new entry to the list, the controversial contender overtook Zara for the top spot, according to data collected by the financial advisory firm over the course of the last 12 months. The research revealed...

2 Dec 2022

Business

Designer Brands lowers profit outlook

US fashion retailer Designer Brands has cut its full-year profit outlook as it saw a slight uptick in sales in the third quarter of the year. Net sales in the three months to October 29 rose 1.4 percent to 865 million dollars. On a comparable basis, sales were up 3 percent. Net income in the third quarter fell to 45.2 million dollars from 80.2...

2 Dec 2022

Fashion

Fashion's growth is surpassing sustainability efforts, says report

Growth in the fashion industry is hampering sustainability targets as environmental impact from brands, retailers and manufacturers remains high. Current reductions in carbon footprints, water usage and embracing circular businesses is far slower than the rate of growth. The UK Government has announced policies and proposals to decarbonise all...

2 Dec 2022

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