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.
The ultra-fast-fashion giant plans to spend $70 million over the next five years to train and support suppliers and develop leaner production models.
The company said Wednesday it will step up investment in a supplier programme launched last year after a UK television documentary claimed it found labour abuses at two supplier factories. It initially pledged $15 million to upgrade hundreds of facilities in its supply chain, but is now adding $55 million to the fund.
Most of that money will be spent on a new R&D and training centre focused on driving even more efficiency into Shein’s production model. But the company also plans to spend $10 million on housing and recreation facilities and $5 million to build and staff 60 childcare centres in the communities where its suppliers operate.
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Shein’s Years of Explosive Growth Are Over. What’s Next?
The fast-fashion retailer has seen sales decline, as the novelty of its endless selection of trendy, ultra-cheap clothes wears off.
After four decades of emotionally-charged campaigns, Peta founder Ingrid Newkirk can all-but declare victory in the war on fur. Taking on more widely-used animal-based materials will be harder, however.
The EU parliament has backed recommendations to toughen proposed measures to tackle the excessive production and consumption of fashion.
The next two years will be a critical test of whether the industry can translate pockets of progress into real change.
With 100 tons of clothing from the West discarded every day in Accra, ‘fast fashion’ brands must be forced to help pay for the choking textile waste they create, environmentalists say.