Fast-fashion retailer H&M is betting clothing recycling could eventually solve some of the industry's biggest environmental problems.
2020 was a tumultuous year for fast-fashion giant Boohoo but analysts say it's come out of the other side "unscathed."
Our brains are wired to love low prices - and stores like H&M, Zara, and Uniqlo take advantage. But cheap and trendy clothes come at a cost.
Boohoo has bought Debenhams’ brand and website for £55 million ($US75 million). Debenhams’ 118 stores will still close, which leaves 12,000 jobs at risk. The purchase will allow Boohoo to enter new markets while trying to cash in on the e-commerce boom. Visit Business Insider’s homepage for more stories. Fast-fashion […]
British fashion giant Primark’s sales were down 30% year-on-year in the quarter, its parent company said. More than 75% of its stores are currently closed. Primark’s total loss from store closures could reach £1.05 billion ($US1.43 billion), it said. Visit Business Insider’s homepage for more stories. Store closures could cost […]
People are being plagued by an ad for a sexy butt-flap onesie from unknown fast-fashion brand IVRose following them around the internet –including taking centre stage in a recent blockbuster Elle article. Experts say that the ad feels like it is everywhere because of a mix of brand safety miscalculations, […]
The co-CEO of German online fashion giant Zalando, which has a $US23 billion market value, is stepping down so he can focus on his wife’s career, the company announced Sunday. Rubin Ritter has shared the top role with two other directors since 2010, and is leaving Zalando more than two […]
British online retailer Pretty Little Thing has been criticised for selling clothing for less than $US1 in its Black Friday sale. Critics said the brand was promoting fast fashion and asked fellow shoppers to think of those who had made the clothing. A spokesperson for Pretty Little Thing told Insider: […]
Asos posted a record 329% increase in pretax profit to £142.1 million ($US184 million) in the year to August. This was mainly down to it cutting around £50 million ($US65 million) of costs. Sales of sportswear, skincare, and makeup also boomed during lockdown. But it said it was “cautious on […]
Garment suppliers lost around $US16.2 billion in orders from the US and Europe in just three months, a report from workers rights groups said. Brands either cancelled orders or delayed payments for existing orders, sometimes indefinitely, the groups found. This led to about $US1.6 billion in lost wages for factory […]
New York City tailor Makayla Wray mends clothes on the streets of Manhattan from her mobile cart. She’s pushing back against the fast fashion industry by urging consumers to save their old clothes and have them repaired rather than buying more. Fibre from discarded clothes amounts to over 37 million […]
Shein, a Chinese fast-fashion retailer, is taking off with American teens. It came in second on a ranking of upper-income teens’ favourite websites, according to Piper Sandler’s “Taking Stock With Teens” survey. Shein has said that it adds 500 new fashion items to its website every day. Some of its […]
British fast fashion retailer Boohoo earned £816.5 million ($US1.05 billion) in sales in the six months to August 31, it reported on Wednesday. Boohoo’s international popularity is growing rapidly: Sales in the US nearly doubled compared to the same time last year. Nearly half of the group’s sales are now […]
An independent review into fast fashion giant Boohoo’s supply chain found “multiple failings” over pay and working conditions. Boohoo, which faced allegations of “modern slavery” in its supply chain in June, ignored red flags, the review found. Multiple textile factory workers claimed to be paid less than the minimum wage, […]
Business Insider is putting together a power list of the startups, designers, and direct-to-consumer brands shaping ethical and sustainable practices in the fashion and beauty industries in 2020. We want to hear from you about the companies and founders that have been the most impactful to consumers who care about […]
British online fashion retailer ASOS reported revenue of more than £1 billion in the four months ending June 30, a 10% jump, but its sales in the UK dropped slightly. ASOS’ UK sales fell 1.5% – in contrast, UK sales for rival fast-fashion retailer Boohoo jumped 30% in the three […]
Textile factories in a UK city have come under investigation after reports surfaced that employers were putting workers at risk of COVID-19 infection. A workers’ rights group said the conditions likely contributed to a fresh wave of infections in the city. While the local government said there is “no evidence” […]