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The fast fashion industry, known for rapid production of low-cost clothing, is under increasing scrutiny for its environmental impacts. Fast Fashion's hidden costs: environmental and ethical concerns.
Fast fashion is also negatively impacting small or independent businesses throughout the world, as lower prices steer consumers away from better-quality, non-mass-produced items found in non-fast ...
Fast fashion is a business model that focuses on the production of garments in bulk, and as quickly as possible, in response to current trends, according to Dr. Preeti Arya, an assistant professor ...
Slow fashion is a proposed sustainable alternative to fast fashion. [43] The term was coined by Kate Fletcher of the Centre for Sustainable Fashion and inspired by "slow food". [44] It intends to challenge growth fashion's obsession with mass-production and globalized style. [45]
The fashion industry, particularly manufacture and use of apparel and footwear, is a significant driver of greenhouse gas emissions and plastic pollution. [1] The rapid growth of fast fashion has led to around 80 billion items of clothing being consumed annually, with about 85% of clothes consumed in United States being sent to landfill.
Fast fashion aims to give consumers access to the latest fashion trends quickly at affordable prices. The global fast fashion market is rapidly growing, with the market size expected to increase from $106.42 billion in 2022 to $122.98 billion in 2023 at a CAGR of 15.6%, and to $184.96 billion in 2027 at a CAGR of 10.7%. [23]
The growth of fast fashion fueled environmental issues. Fast fashion's meteoric rise is apparent in retail giants like Shein and Uniqlo, which both saw more than 20% revenue growth between 2022 ...
Fast fashion is the business model of replicating recent catwalk trends and high-fashion designs, mass-producing them at a low cost, and bringing them to retail quickly while demand is at its highest. The term fast fashion is also used generically to describe the products of this business model, particularly clothing and footwear.