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3 Mins Read A new report conducted by Boston Consulting Group (BCG) and secondhand platform Vestiaire Collective finds the resale market could make up 40 percent of the overall apparel market in the coming years. The new report, What an Accelerating Secondhand Market Means for Fashion Brands and Retailers, says the secondhand market has tripled in size since […]
2 Mins Read Ready to ditch fast fashion but finding it more difficult than you thought? Secondhand platform ThredUp has partnered with Stranger Things star Priah Ferguson on a new support hotline to help you quit the bad habit once and for all. Call in your fast-fashion confessions to 1-855-THREDUP and let Ferguson’s reassuring voice put you at […]
4 Mins Read As part of its existing partnership with the secondhand apparel platform thredUP, clothing retailer Madewell launches a digital resale platform. Called ‘Madewell Forever’, the initiative is supported by thredUP’s Resale-as-a-Service (RaaS), a platform working on building a circular fashion economy. Growing demand for circular fashion Madewell’s new resale platform ‘Madewell Forever’ is supported by thredUP, […]
4 Mins Read Within the next five years, the secondhand apparel market in the U.S. is expected to reach US$77 billion, says a new report.
3 Mins Read Banana Republic unveiled its ‘Banana Republic Vintage’ secondhand collection on a temporary online shop and in its FlatIron outlet.
3 Mins Read On a mission to divert the piles of fashion waste from landfills, a new repair and restore service has opened up in Hong Kong to help breathe new life into your old clothes. Instead of throwing out your preloved pieces, customers can bring them to the just launched Fashion Clinic, where “fashion surgeons” will redesign […]
3 Mins Read Mattel has launched a new toy takeback program as part of its sustainability push, enabling customers to send back their old toys once they are done playing with them. The program, PlayBack, will recover materials from old Mattel toys to create future products, as the company strives to use only recycled, recyclable or bio-based materials […]
10 Mins Read According to a recent report, the second-hand clothing market will reach US$51 billion within 5 years and will overtake the fashion market by 2028 as used clothing is increasingly finding value in the hearts of consumers, particularly with millennials and Gen Zs shoppers, who are rejecting the idea that fashion relies on having the latest […]
3 Mins Read As sustainability continues to take over fashion, a new report says that the circular fashion industry has the potential to become a US$5 trillion market. While businesses have been keen to incorporate the concept of circularity in recent years, researchers say that a digital-forward approach to close the industry’s loop will be the key to […]
3 Mins Read IKEA has announced that it is opening its first second-hand concept in Sweden later this year. It comes after the furnishing giant previously said it would begin rental and recycled business models as a part of its sustainability pledge to become fully circular by 2030. IKEA will soon be opening its first ever second-hand store […]
4 Mins Read Selfridges & Co., also known simply as Selfridges, has launched a new sustainability initiative called “Project Earth” and made five-year commitments to green its operations. The high-end department store says that it will take a three-pronged approach, including exploring new circular retail models, using more sustainable materials in products and ultimately, to “inspire a shift […]
3 Mins Read Levi’s and millennial-favourite brand Ganni have collaborated to create a new rental-only collection of three staple denim pieces – all crafted from upcycled vintage Levi’s and repurposed denim. Customers will be able to lease out garments from the new low-impact line through Ganni Repeat, the brand’s online rental platform. Copenhagen-based label Ganni and American outfitter […]
3 Mins Read Føerni is a Hong Kong-based online furniture subscription platform where customers can rent out high-quality furniture, home appliances and electronics, marking the first of its kind in the city. While other companies offer furniture rental services, this is the first website that allows you to conduct the entire transaction online, firmly anchoring itself in the […]
4 Mins Read Founded by 15-year-old student Bailey Cherry in 2019, reBooked is a nonprofit social enterprise dedicated to promoting a circular economy for books in Hong Kong. It is Hong Kong’s first online platform for secondhand English language children’s books, redirecting hundreds of books away from landfills and giving them a new home. We recently had the […]
3 Mins Read French sustainable sneaker label Veja has just opened its first Test Hub dedicated to clean, recycle and refurbish old pairs of Veja shoes. It will also offer customers prototypes of the brand’s shoes that hadn’t made the cut to go to market, which will be sold at reduced prices, as well as pairs from old […]
2 Mins Read Japanese homeware retailer Muji is introducing a furniture subscription service as working from home becomes the new normal after months of the coronavirus pandemic. Launching this Friday (July 17), consumers in Japan will be able to rent furniture and interior items at selected stores through monthly or annual subscription plans. The retailer is scheduled to […]
2 Mins Read Launched in April this year, the 2020 Circular Fashion Pledge is an initiative engaging small and medium-sized enterprises (SMEs) to kickstart a circularity commitment. Since then, over 110 SME brands have signed onto the pledge, and are collectively pushing forward the circular fashion movement amidst the pandemic, which has renewed attention on sustainability. Amid the […]
3 Mins Read Led by the Finnish Innovation Fund Sitra, an independent foundation operated under the supervision of the Finnish parliament, Finland, Canada and the Netherlands will be co-hosting events to promote circularity in coronavirus economic recovery strategies. The events will be held under the World Circular Economy Forum (WCEF), and will be aimed at showing how the […]
3 Mins Read Swedish furniture and homeware giant IKEA has just unveiled its newest eco-friendly concept in Szczecin, Poland. Dubbed the Home of Tomorrow, the space was envisioned by Polish designers looking to redefine the way we live at home. The 2,700 square foot showroom is fitted with sustainable design solutions from micro-gardens to composting stations, furnished with […]
3 Mins Read Developed by the Ellen MacArthur Foundation and more than 30 collaborating companies, Circulytics is a digital measuring tool that provides companies with a comprehensive report of circularity across its entire operations. Going beyond assessing material flows and products, the platform provides data and metric analysis, tracks progress, and highlights key areas for improvement. Since its […]
3 Mins Read Reebelo, a Singapore-based refurbished secondhand electronics marketplace startup, has announced a US$1.25 million seed funding round. The startup’s new capital will be used to accelerate the company’s expansion into Asia-Pacific markets, as well as increase its offerings such as device rentals and bundles for companies. The seed round was led by Berlin-based tech investor June […]