Tag: fashion news today

The trendy second-hand clothing market is huge and still growing – yet nobody is turning a profit

Putri
For example, neither the American company ThredUp nor its luxury cousin The RealReal are profitable, disappointing investors and dragging share prices below their IPOs. In 2022, less than two years after going public, the American peer-to-peer resale site Poshmark was acquired by a Korean tech company for $1.2bn (£950m), one-sixth of its IPO valuation. While the service is still available to American shoppers and sellers, the company no longer operates in the UK market. The Lithuanian peer-to-peer fashion resale start-up Vinted has taken over in the UK, posting a pre-tax loss of €47.1m ($51m; £40.3m) in 2022. The British second-hand…Continue Reading

Eco-responsible fashion in Paris from McCartney and Serre

Putri
PARISTwo of fashion’s most environmentally conscious designers presented their autumn-winter collections on Monday, the penultimate day of Paris Fashion Week. With her father and his Beatles bandmate Ringo Starr watching from the front row, Britain’s Stella McCartney called on the fashion world to “wake up” with a collection that took her sustainable schtick even further. McCartney said 90 percent of the outfits were made from “eco-responsible” materials, and said she had sought out solutions that could not be told apart from traditional textiles by the naked eye, such as a white suit made from vegan leather. The outfits were…Continue Reading