19/03/2024
France is weighing whether to implement penalty fees that fast fashion companies would have to pay per item sold as a way to offset the environmental impact of the industry.
Members of parliament (MPs) in France proposed a bill that would charge up to 50% of the selling price of fast fashion items to brands like Shein, which was named in the bill, and Temu. The bill noted that Shein alone has more than 470,000 products available, with more than 7,200 new items daily.
Since 2019, 43% of surveyed shoppers in France said they typically purchased their clothing from fast fashion retailers. The second-highest responses were online second-hand shops and brick-and-mortar thrift stores, each at 8%.
As a response, and in an effort toward a more circular economy as outlined in the AGEC law passed in 2020, lawmakers in France have proposed charging fast fashion companies up to 10 euros (about $10.87) per fast fashion item sold or up to 50% of the selling price, with penalties going into effect by 2030.
Last year, France began offering financial incentive for citizens to repair their own clothing. The initiative allowed citizens to claim between 6 and 25 euros (about $6.52 to $27.17) on the cost of repairs completed by certified repair professionals.
The fast fashion penalty fees will be discussed by a parliamentary committee, then presented to parliament in late March
🔗 Link in bio
🖊️ Paige Bennett
A Shein “pop up” fast fashion store in Madrid, Spain on June 2, 2022. 📸 Alberto Ortega / Europa Press via Getty Images
France is weighing whether to implement penalty fees that fast fashion companies would have to pay per item sold as a way to offset the environmental impact of the industry.
Members of parliament (MPs) in France proposed a bill that would charge up to 50% of the selling price of fast fashion items to brands like Shein, which was named in the bill, and Temu. The bill noted that Shein alone has more than 470,000 products available, with more than 7,200 new items daily.
Since 2019, 43% of surveyed shoppers in France said they typically purchased their clothing from fast fashion retailers. The second-highest responses were online second-hand shops and brick-and-mortar thrift stores, each at 8%.
As a response, and in an effort toward a more circular economy as outlined in the AGEC law passed in 2020, lawmakers in France have proposed charging fast fashion companies up to 10 euros (about $10.87) per fast fashion item sold or up to 50% of the selling price, with penalties going into effect by 2030.
Last year, France began offering financial incentive for citizens to repair their own clothing. The initiative allowed citizens to claim between 6 and 25 euros (about $6.52 to $27.17) on the cost of repairs completed by certified repair professionals.
The fast fashion penalty fees will be discussed by a parliamentary committee, then presented to parliament in late March
🔗 Link in bio
🖊️ Paige Bennett
A Shein “pop up” fast fashion store in Madrid, Spain on June 2, 2022. 📸 Alberto Ortega / Europa Press via Getty Images