Fast fashion is leaning into resale, but it may do little to reduce emissions, new study says
Publishing timestamp: 2023-09-26 09:00:01
Summary
The article discusses a new study that found resale platforms at fast-fashion retailers like H&M, Shein, and Zara are projected to have minimal impact on reducing emissions. The study suggests that these companies could have a greater impact on the environment by focusing on using more sustainable materials or investing in recycling innovations. Premium apparel brands like Ralph Lauren, on the other hand, could meaningfully reduce their emissions with resale. The article also mentions that many companies are implementing resale programs to capture sustainability-conscious customers and comply with new ESG reporting requirements. However, the study indicates that resale platforms alone are not enough to increase sustainability at fast-fashion companies, and redirecting investments into recycling innovations and sustainable materials would be more effective.
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Keywords: environment, business news, climate, ralph lauren corp, business, breaking news: business, tory burch, container store group inc, gap inc, retail industry, thredup inc, lululemon athletica inc, canada goose holdings inc,