The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Sneaker giant Nike Inc. is trying to keep more of its used shoes out of the landfill — and earn a little extra income to boot.
The sportswear company announced Monday it’s rolling out a programme at 15 US stores to clean and resell shoes that have been returned by customers within their first two months. Dubbed Nike Refurbished, the offering intended to curb waste will be expanded to more US locations later this year, it said.
This model is reminiscent of the trendy thrifting offerings at retailers like Poshmark Inc., ThredUp Inc. and RealReal Inc. — though on a much smaller scale — rather than the high-end sneaker resale business that involves almost entirely like-new, unworn product.
“It’s very different” from actual sneaker resale, said Bloomberg Intelligence analyst Poonam Goyal. “It’s a move to monetise what would have ended up in a landfill or reused as material for flooring.”
By Anne Riley Moffat.
Fashion’s biggest sustainable cotton certifier said it found no evidence of non-compliance at farms covered by its standard, but acknowledged weaknesses in its monitoring approach.
As they move to protect their intellectual property, big brands are coming into conflict with a growing class of up-and-coming designers working with refashioned designer gear.
The industry needs to ditch its reliance on fossil-fuel-based materials like polyester in order to meet climate targets, according to a new report from Textile Exchange.
Cotton linked to environmental and human rights abuses in Brazil is leaking into the supply chains of major fashion brands, a new investigation has found, prompting Zara-owner Inditex to send a scathing rebuke to the industry’s biggest sustainable cotton certifier.