Sales of clothing have more than doubled in 20 years. Big fashion chains launch new collections like there's no tomorrow. Clothes production is fast and cheap. And it accounts for 5% of global emissions.
Climate activists are engaged in a fight against the throwaway mentality of the textile industry that Spanish fashion giant Zara has perfected over the years. For the company itself, technology remains key.
The Berlin Senate wants to make secondhand clothing and products the norm, rather than seen as items only for people in need. To do this, it plans on opening several secondhand department stores.
The fashion retailer's move comes as the industry draws flak for greenhouse gas emissions. Is it concern for the environment, or is it the fear of missing out that's driving H&M toward secondhand fashion?
Vinted, a website where users can buy and sell used clothes, has raised €128 million in a funding round, valuing it at €1 billion. The Vilnius-based retailer rounds up a century of venture-backed unicorns in Europe.
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