Fatima Linares’ Post

New market insight 🛍️📈 Order values falling: what does this mean for online fast fashion? 👉 So far 2024 has seen an increase in lower value transactions for online fashion compared with 2023. 👉 60% of online spend at fast fashion brands is concentrated in the lower spend band below €50 per transaction inc H&M, Boohoo, Shein, Primark, Monsoon. 👉 Asos and Zara maintain higher transaction amounts with 60% of spend >€50 per transaction. 👉 Spain has seen a shift towards lower spend bands compared with Germany where transaction amounts remain higher. Read our full analysis here and understand how trends vary by European market: https://lnkd.in/evbE7N-2 #OnlineRetail #FastFashion #ConsumerInsight #MarketIntelligence #AlternativeData #TransactionData #EuropeanSpend

Really intriguing report (thredUP_2023_Resale_Report) from one of the biggest thrifting platforms in the world, (ThredUp). It's truly astonishing to witness the shift in consumer behavior towards secondhand items. Here are the top 3 consumer data points from the report: 1) 75% of consumers have either shopped for or are open to shopping for secondhand apparel. 2) 83% of Gen Z has either shopped for or is open to shopping for secondhand apparel. 3) 1 in 3 apparel items bought in the last 12 months was secondhand. Consumer trends consistently signal significant business opportunities, and online resale or recommerce presents a substantial opportunity for fashion brands. In fact, online resale is the fastest-growing sector in the U.S. secondhand market. Some noteworthy data from the report includes: 1) Resale is driving the growth of the secondhand market, expected to reach a $57 billion market in the next 10 years, growing faster than any other fashion market (from 3% to 18%). 2) U.S. consumers bought secondhand apparel items in 2022 that they would have normally purchased new, marking a 40% increase from 2021. 3) Fashion faces an overproduction problem, with over 100 billion garments produced globally each year for a population of 8 billion. 4) Retailers with branded resale programs skyrocketed in 2022, with 86% of retail executives reporting that their customers are already participating in resale, up 8 percentage points from 2021. 5) Over half of Gen Z is more likely to shop with a brand that offers secondhand alongside new items, showing a 6-point increase from 2021. Thrifting is not a new trend (Vinted is already 15 years old), but it's evolving into the new normal for younger generations, while fast fashion is projected to remain steady in the coming years. Many brands, especially in the U.S., are effectively managing their secondhand offerings through recommerce channels. This trend is also rapidly gaining momentum in Europe, and at iF returns , we're here to help. #SustainableFashion #SecondhandRevolution

Evri's latest report, marking its 50th anniversary, highlights the evolution of UK fashion and retail over the past five decades, noting how trends have reflected societal changes, from the bohemian styles of the 1970s to today's sustainable and cyclical fashion choices. The report reveals that fashion and footwear remain key spending priorities despite rising living costs, with price, vouchers, word of mouth, and social media as top influences on purchasing decisions. It also highlights changing shopping habits, with Brits frequently visiting high streets and shopping online, often using stores to try before buying online, and returning a notable portion of online purchases. https://lnkd.in/ee-vk5rF

The European online fashion, beauty and luxury market generated a turnover of 213 billion euros in 2023. The cross-border share of that market was 38 percent, representing 82 billion euros. The market is expected to grow. #ecommerce #statistics #europe #crossborder Cross-Border Commerce Europe

The fashion industry 👗 👟 is more competitive than. Differentiation is the key to long-term success for fashion Retailers. Google’s latest study with Kantar (250 brands, 9k consumers) reveals the key factors that drive success in today's market. Our analysis of successful fashion retailers identifies six core factors for how fashion retailers can differentiate themselves. Full details ⬇️ https://lnkd.in/dBGSdFwW

Fashion spending in the UK has continued to decline from its post-pandemic peak in 2021, with shoppers more likely to be updating outfits with accessories than investing in new clothes. The £21.7bn spend is dominated by womenswear, which accounts for around half of the annual spend. Customers are buying both online and instore, with the share of offline purchasing continuing to increase as the offline/online balance has normalised after the pandemic. Download the 2024 Report from Internet Reatailing for an in-depth analysis: https://lnkd.in/gXZf-UJ4.

Secondhand shopping is shaping the future of fashion and merchandising. As consumers prioritize sustainability, the industry is adapting to meet the demand. Learn how secondhand trends are creating new opportunities and redefining the retail experience. 👉 https://lnkd.in/g7A3BgKr #JWUCPS

🔮 What are the big eCommerce fashion trends in the UK? Prepare for 2025 in style with this brand new blog: https://lnkd.in/e-xVnr2m #FashionRetail #eCommerce #FashionTrends

Retail fashion pros, it’s here! 🎉 The latest ClickZ Retail Fashion Newsletter is live: ✨ Resale Innovation: Platforms like Bazar turn returns into resale opportunities. ✨ Holiday Pop-Ups: Unique, tech-driven experiences to engage holiday shoppers. ✨ BFCM Strategies: Capture post-election demand with smart ad timing. Whether you're in retail or love fashion trends, this newsletter is for you. Read now: https://lnkd.in/eisHFgKK Follow us and share to stay ahead! 👗✨ #ClickZRetailFashion #FashionTrends #Newsletter #IndustryInsights

For the brands and retailers that are keen to find the US #consumerbehavior forecast for #fashion in 2024, we share an interesting read 👇👇👇 👖👠Fashion is one of the top 5 categories to spend in 2024 🥾🧢76% of US consumers to spend more on fashion in 2024 ✅Altheisure and performance sneakers top fashion priority for US consumers in 2024 💲Best value for money is the main driver for US consumers in 2024 🧢Gen-Z leads the pack, viewing fashion shopping as form of entertainment Peaks partners help #globalfashion brands in #luxury, #premium and #mid-premium segments for their goals of revenue growth, #marketexpansion, product expansion and long term #retail & #distribution #partnerships. Our brand and retail customers collectively cater to nearly 60% of global consumers, across continents. We discover and deliver winning strategies built of local acumen, global vision and over a century of cumulative cross continent #retailexperience. To know your winning #brand and #retail #strategy in #2024, drop us a note 📧📧[email protected] https://lnkd.in/gF6WBcSa