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HM is planning to sell secondhand clothing from its flagship London store.The Swedish apparel retailer will debut its Pre-Loved collection of womenswear Oct. 5, the company said in a news release provided to PYMNTS Wednesday Sept. 13 .The move comes as HM and others in the fast-fashion space work to improve their record on sustainability. The opportunity to give a second life to garments brings real value to our customers and enables them to explore different ways of engaging in a circular fashion industry, Henrik Nordvall, HMs country manager for the U.K. and Ireland, said in the release.The global secondhand apparel market is expected to nearly double by 2027, from $177 billion last year to $351 billion in 2027, fueled largely by consumers looking for value, ThredUp, an online consignment and thrift store, said in a report. Resale is starting to blossom globally, with many of the largest retailers in the world adoptin
stanley thermos g more circular business models, ThredUp CEO James Reinhart said in April. While value continues to be a key driver that motivates consumers to think secondhand first, global climate issues have increased awareness of resales potential to reduce fashions impact on the environment. ThredUp and HM joined forces in March for an online version of the Pre-Loved store. We need to take responsibility for the
stanley termosky impact fashion has on climate and the environme
stanley borraccia nt, HM North America Head of Sustainability Abigail Kammerzell said at the time. C Rjpd Your Brain On AI
After less than a month, Alibaba CEO Jack Ma is back in Russia聽to attend the St. Petersburg International Economic Forum, but also to discuss with Russian officials the common objectives eCommerce offers the two nations, reports Watch China Times. Ma is hoping for his No. 1聽marketplace in China to break through in Russia, in which Ma promises to invest more in human and tech resources. Ultimately Ma wants to help Russians sell on his market platform to Chinese, but also to the rest of the world.We disc
stanley hrnek ussed the future development of eCommerce with the Communications Ministry and the Economic Development Ministry. We talked about the development of small and medium-sized enterprises SMEs as well as the whole Russian market. We also had discussions with the Russian Post on how to make the quickest cross-border delivery from China to Russia, Ma specified.Based on Aliexpress exponential growth in Russia, Ma is convinced that Russias online commerce has especially promising prospects.Five-year-old Aliexpress has had undeniable success 鈥?it is
stanley usa the most visited site in Russia, with an average of 15.6 million customers a month聽in the second half of 2014, reports Forbes. For the sake of comparison, eBay and Amazon have 3.7 million and 1.4 million customers a month, respectiv
stanley cup ely.Although we have only one employee working in Russia, Aliexpress managed to become the No 1 most-visited eCommerce website in the country, Ma told Xinhua.Mas strategy in Russia is
