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The early to mid-2000s saw a rise in the consumption of fast fashion: affordable off-the-peg high street clothing based on the latest high fashion designs. With its low-cost appeal driven by trends straight off the runway, fast fashion was a significant factor in the fashion industry's growth.
In October 2021, Nordstrom announced an agreement with 11 Honoré, an online retailer of plus-sized designer fashion, to sell the company's clothing in Nordstrom stores and on their website. [67] On December 23, 2024, Nordstrom announced their plans to take the company private in a deal valued at $6.25 billion.
On 25 November 2013, H&M's global head of sustainability committed [97] [98] that H&M, as the world's second-largest clothing retailer, would aim to pay all textile workers "living wage" by 2018, stating that governments are responding too slowly to poor working conditions in Bangladesh among other Asian countries where many clothing retailers ...
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