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SECONDHAND APPAREL
Why buying thrifted clothes is getting more appealingGlobal secondhand fashion sales reached $227 billion in 2024, accounting for 10% of global apparel spending, with the trend accelerating, p...- China's landfills brim with textile waste as fast fashion reigns and recycling takes a back seatIn China, the world’s largest textile producer and consumer, more than 26 million tons of clothes are thrown away each year, according to g...
- Ebay's higher investments weigh on profit forecast, shares fallThe company had in June acquired Certilogo, a provider of AI-powered apparel authentication, and bought trading cards marketplace TCGplayer...
- Best out of waste: New foreign trade policy takes steps towards a $20 billion opportunityThe new Foreign Trade Policy allows the import of second-hand goods for refurbishment and export. It promises to create jobs as well as a r...
- Fixing bad fashion habits: Buy max 5 clothing items a year, wash garments at 30° C to increase lifespanA garment is normally worn for an average of seven to 10 times before it is discarded.
- Guess what? Decathlon now has a new name, and there's a reason behind itThe French sporting goods retailer has changed the way it is called.
- US-based online retailer Poshmark will delist from public markets: CEO Manish ChandraPoshmark was acquired by Naver Corp for $1.6 billion - which includes consideration for Poshmark's cash holdings, and the enterprise value ...
- Helping the planet with fashion: If you shop for second-hand clothes, then you're more style-conscious than othersThe impact of fast fashion on the environment is significant and well-documented.
- Circular economy: From ship to chip, a $500 billion opportunity awaits IndiaFor a country where reusing and sharing of products isn’t new, India has been unable to streamline or organise the unstructured secondhand ...
- Etsy to buy fashion reseller Depop for $1.63 billion in Gen-Z pushThe Etsy-Depop deal, which would be funded via available liquidity, is expected to close during the third quarter of 2021.
- Degrowth will accelerate as consumers change — companies should adapt now: Thomas RouletA degrowth economy can certainly inspire innovation in companies — and it should, if firms want to come out on top of the competition once ...
- Thinning Wardrobe: How lockdown is helping recommerce take shape in IndiaSecond-hand, subscription and rental are the top three fastest-growing retail categories.
- Landmark Group introduces cash-and-carry furniture to spur growthThe home furnishing chain, which currently has 50 stores in 27 cities, also cited longer replacement cycles as reason for low sale of durab...
- With new clothes as cheap as used ones, Panipat’s recycling industry goes out of fashionPanipat's mills specialize in a cloth known as shoddy, which is made from low-quality yarn recycled from woolen garments.
- Facebook begins trial of service that will compete with Quikr, OlxFacebook is not defining any categories right now. Once people start listing, categories will start getting formed.
- Selling used fashion brands becoming big business in IndiaSelling old clothes to fund new purchases or buying little-used designerwear are no longer done furtively.
- Digital unit of Sapna Book House buys Ishita Tech, 3 brandsBookadda is an online books retailer, Acadzone focuses on online retail of academic books and test prep materials and Koolskool focuses on ...
- Union Budget 2012: Garments to get cheaper despite hike in excise dutyBranded garments will become cheaper despite hike in its excise duty in this Budget as a result of the government raising the abatement fro...
- Apparel brands chase new design trends on Facebook, TwitterWho will design your favourite brand's next line? You! Apparel brands such as Benetton, Wills Lifestyle, Pantaloons and Van Heusen are usin...
- Venus Garments shines as Wal-Mart's chosen supplierOne of the few companies that did not shift or close operation during terrorism days in Punjab, Venus stands tall as an epitome of optimism.
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