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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.
The fast-fashion business model depends on cheap, rapid cycles of production that allow retailers to push out batches of clothing while styles are still at the peak of popularity. This means ...
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The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
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The fast fashion business model became dominant in the 21st century, leading to an increase in consumption of inexpensive garments. [30] This model can disincentives companies from making durable products. [31] It also has significant health and environmental risks impacting developing countries and garment workers. [30]
The True Cost is a 2015 documentary film directed by Andrew Morgan that focuses on fast fashion.It discusses several aspects of the garment industry from production—mainly exploring the life of low-wage workers in developing countries—to its after-effects such as river and soil pollution, pesticide contamination, disease and death.
Officials have positively identified the remains of a girl whose body was found hidden in brush under a plastic tarp in 1973, Pennsylvania authorities said this week.