Resale marketplace The RealReal has released its newest Luxury Consignment Report for 2022, unveiling a number of emerging trends and behaviours among resale customers and the market itself. The report, which utilises data from the platform’s 24 million members, displays evidence of growing resale opportunities among every generation, as more...
13 Jan 2022
Rental has inched its way into the fashion industry slowly but surely, and in recent years has seen significant growth in demand as consumers lean towards more sustainable alternatives to shopping. Founded in May 2018, Hirestreet was one of the first rental platforms in the UK, launched by Newcastle Upon Tyne’s Isabella West. The idea sprouted...
10 Jan 2022
Clothing rental platform Rent the Runway has launched a campaign aiming to challenge consumers to give up fast fashion. The Fast Fashion Free campaign hopes to convince shoppers to switch to rental subscriptions with the platform, decreasing their environmental impact when it comes to renewing their wardrobe. Intentionally placed towards the...
7 Jan 2022
As part of the retailer’s Plan A sustainability programme, Marks and Spencer is calling on customers to donate their used clothing to Oxfam via its recently refreshed Shwopping scheme. According to the department store, a recent survey of its customers revealed a significant 65 percent were planning to sort and clear out their wardrobe for the...
4 Jan 2022
Denim Forward, Inc (DenimFWD) has launched in California, US, as a digital, on-demand production factory developed to contribute to the “return of textile production to the United States”. The denim plant has partnered with eco-efficient firm Jeanologia on the implementation of the company’s technology into its production model, designed to act...
21 Dec 2021
Outerwear and equipment design company Arc’teryx are set to launch an exclusive archival capsule in partnership with the luxury marketplace, Grailed. The digital-only release will involve 7 archival pieces from past collections dating back to 2001, which have been fully restored through Arc’teryx’s ReBird programme. Items will be sold at their...
14 Dec 2021
UK fashion rental platform Hurr has raised 5.4 million dollars in funding as the circular fashion scene continues to heat up. The seed funding round was led by venture capital firm Octopus Ventures, with additional participation from D4 Ventures and Ascension. London-based Hurr said it will use the fresh capital to “rapidly” expand its...
13 Dec 2021
Three UK companies have come together to launch the Recycle Router tool to aid in informing the public on how, where and what to recycle. Software solutions company Provenance partnered with the sustainable consultant, Valpak, and Wrap, a British recycling charity, to develop the platform made to demonstrate how to recycle specific types of...
10 Dec 2021
Dutch innovation platform Fashion for Good has announced the launch of its Full Circle Textiles Project - Polyester, with a goal to scale chemical recycling technologies and encourage financing and implementation into the wider industry. According to the organisation, polyester makes up 52 percent of the global fibre market, making it the most...
Luxury fashion platform Farfetch has announced it has acquired resale site Luxclusif for an undisclosed amount, further extending its footprint in the resale sector. The acquisition will see both Luxclusif’s technology platform and team join the Farfetch group. The B2B service enables the authentication and sale of second-hand luxury goods to...
9 Dec 2021
The Biomimicry Institute has revealed it has been awarded 2.5 million euros to lead a multi-year initiative, Design for Decomposition, that hopes to demonstrate the new possibilities of ‘biocompatible’ fashion waste. It will use the fund to pilot technologies that convert wasted clothes and textiles into biodegradable raw materials. The...
7 Dec 2021
Marque Luxury has opened a store in Houston, Texas. The store, called a Re-commerce Hub, is located near to the Woodlands Mall. The hub allows customers to both buy and sell pre-owned luxury items. Brands such as Louis Vuitton, Chanel and Gucci are on offer, with the brand’s digital catalogue also being available to buy at the location as well....
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