Chinese fast-fashion giant Shein has announced the launch of a resale platform, allowing US shoppers to buy and sell used Shein merchandise through its app. Shein is looking to capitalize on the growth of the resale market and improve its reputation as a polluter as people tire of fast fashion.

Despite supply chain issues causing luxury prices to rise, at Versace purchase decisions aren't being impacted, partly because the resale market provides a financial comfort blanket for high-ticket items. As this happens, brands have the opportunity to lean into desires for exclusive resale options.

Sneaker culture has historically been all about the flex, the drop, and the hype, but consumer awareness of environmental issues has placed the industry in the spotlight. As demand for iconic shoes continues apace, do sneakerheads actually want a more sustainable industry?

Amid the cost of living crisis, Skechers is climbing in popularity among older, wealthy Americans because of its brand positioning as a comfortable and affordable shoe option. Many Boomers are having to adapt their financial habits, making conscious choices to cut back on their spending.