Fast Fashion | Business Post

Penneys launches new collaboration with ‘life-long’ fan Rita Ora

British pop star spent two years working with the fast-fashion retailer before launching new line

H&M sues fast fashion rival Shein for copyright infringement

Stockholm-based H&M asked for unspecified damages and an injunction to stop Shein from infringing on its copyright and trademarks

Fast fashion is addicted to plastic – and Shein is its biggest user

Public disclosures from Shein, H&M, and Inditex show that plastic-derived polyester accounts for up to 64 per cent of their fabric mix

Fast fashion giant Shein accused of ‘long and continuous pattern of racketeering’ in US lawsuit

The Chinese retailer said it will “vigorously defend” itself against the allegations

Where is the fast fashion backlash?

Retailers like Shein, H&M, and Zara have been repeatedly dinged by consumers, activists, the press and public officials for their mounting climate footprints – but people don’t always shop their values

Zara-owner beat expectations in Q1 earnings with operating profit up 43%

It comes as Inditex SA considers setting up a fund to back environmental start ups

Should fashion brands pay for their textile waste? New legislation could make it a reality

Under rules that have been proposed in some EU countries, fashion companies would have to fund textile recycling programmes to curb the four million tons of waste produced annually in Europe

Asos secures £75m fundraising to support turnaround plan

Company said it has entered into a revolving facility with Bantry Bay Capital

John Lyttle’s Boohoo swings into £91 million loss on back of falling sales

Boohoo said its focus for the year ahead is on rebuilding profitability and getting back to growth

TikTok sensation Shein sets up EMEA headquarters in Dublin

Chinese fast fashion business plans to hire 30 people in Ireland before the end of the year

Asos expected to post loss after shares drop by almost 50 per cent

Investors will be keen to see how its plans to return to profit have been unfolding at the company’s next market update this week

Pre-loved fashion market set to double in global sales to €317bn by 2027

There was a 28 per cent increase in the global sale of pre-loved fashion last year, according to a new report from US thrift marketplace thredUP

Power players: 8 necklaces that work the room

Spring-summer 2023 neck pieces are loud and proud. From statement collars with punk accents to not-your-grandmother’s pearls, these are no run-of-the-mill jewels, these are conversation starters.

H&M launches new resale platform to cut fashion waste

H&M Pre-Loved launched in the US with around 30,000 pre-loved women’s and kids’ clothing and accessories

H&M announce new designer collaboration

The Swedish fashion chain’s latest partnering will land in May both in-store and online

Massimo Dutti faces earnings decline as office wear becomes less popular among high street shoppers

Earnings from the brand dropped 9.6 per cent in the past fiscal year, according to the Spanish fast fashion chain Inditex, which owns Massimo Dutti

Shein begins routing over €1bn in sales through Irish entity

Infinite Styles Ecommerce Co Limited, a firm owned by the fast fashion giant, recorded more than €1.53 billion worth of sales in 2021

Will Boohoo’s latest Kardashian collaboration be just another box-ticking exercise for the embattled brand?

As clothing companies confront the scale of climate change, they must be prepared to acknowledge their shortcomings, and ensure their sustainability strategies are anchored in solutions not soundbites, writes Paddy O’Dea

Sisters launch hemp cotton range as a lasting solution to fast fashion

The founders of Cork sustainable fashion brand Firkail design durable clothing made from a crop that consumes more carbon than trees

Fast-fashion giant Shein to build out a team of senior staff in Ireland

Chinese online clothes retailer plans to hire a number of people in its Dublin office including a legal head and a head of finance