Fashion Magazine
Online secondhand shopping is set to grow 69% between 2019 and 2021, in comparability with a 15% contraction in the broader retail market, based on a report by on-line consignment platform ThredUp. The secondhand clothes market is anticipated to grow to $64B by 2028, per CB Insights’ Industry Analyst Consensus. The Tokyo-based design consultancy agency Synflux has additionally been using AI to come up with progressive designs in a project referred to as Algorithmic Couture.
Since starting an RFID initiative in 2009, it took Macy’s round eight years to get one hundred pc of all items in every store tagged. The retailer is working with suppliers to tag merchandise at the assembly site, enabling higher tracking to reduce back misplaced stock and out-of-stock incidents. After failed attempts by Walmart and JC Penney to deploy RFID at scale within the early 2000s, numerous corporations have integrated the technology.
Fashion trade, multibillion-dollar …
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