6 December 2022

It’s not a good time for fast fashion at all. H&M has announced it is cutting 1,500 jobs and faces a new, heavy greenwashing charge. Inditex is grappling with strikes by its workers who are demanding more money in payroll. Shein comes under attack from Greenpeace, with a report demonstrating the use of dangerous chemicals in products, as well as denouncing the poor working conditions of employees. All of this frames a faded economic picture with profits and revenues declining for many players in the sector. In short, the stomach aches of fast fashion are many. And quite significant. Report by La Conceria.

All the bellyaches of fast fashion – H&M, greenwashing and more

The economic situation, the increase in costs, the greater awareness of consumer sustainability threatens fast fashion. All the players in the sector are paying the price and are reorganizing themselves. H&M has announced it is cutting around 1,500 jobs as part of a program designed to cut costs. For 2022, the goal is to open 89 new stores and close 254. Furthermore, in Missouri, a new class action lawsuit has been filed based on the assumption that H&M ‘s Conscious Choice collection (pictured) is not green at all. H&M is accused of greenwashing.

Strikes from Zara

Inditex, parent company of Zara, is facing a wave of strikes by its workers (not only in Spain) demanding a wage increase. Protests that could increase in mid-December when Inditex publishes the quarterly. However, analysts predict that, despite the inflation, the accounts of the Spanish giant, unlike the other players in the sector, will reach their maximum sales and profits this year.

Shein accused

The most targeted is Shein. They accuse the company of using cotton from Xinjiang for clothing exported to the United States. Furthermore, Greenpeace has published a survey according to which 15% of the analyzed garments register quantities of harmful chemicals exceeding the limits allowed in Europe. There’s more. Another report highlighted how in some of its factories’ employees were forced to work 18 hours a day, 7 days a week, with only one day off a month and very low wages. Shein said it plans to spend $15 million to upgrade the hundreds of factories in its supply chain over the next 3 to 4 years. But that didn’t convince everyone. Above all, it did not convince the Rolling Stones. Indeed, a week after announcing a merchandising deal with Shein, Mick Jagger’s band demanded that it be terminated immediately.

關於亞太區皮革展 ​

我們為皮革、物料及時裝業界創造面對面洽談的機會,爲客戶締造實質商機。我們雲集世界各地的商家,讓他們尋找新的合作伙伴,發掘潛在客戶或供應商,並掌握業界最新發展。

 

我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。

 

亞太區皮革展遵循英富曼的 Informa AllSecure 規定,提高新冠肺炎疫情後活動之健康和安全標準。

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