PARIS (Reuters) – The decrease home of the French Parliament on Thursday permitted a invoice that seeks to penalize ultra-fast style merchandise, offered by firms equivalent to China's Shein, with the intention of serving to offset their environmental influence.
The invoice gives for a gradual improve in penalties as much as 10 euros per merchandise of clothes till 2030, in addition to a ban on promoting of such merchandise.
All voting lawmakers unanimously permitted the invoice, which can transfer to the Senate earlier than it may turn into regulation.
The recognition of style retailers Shein and Temu – which improve orders primarily based on demand due to ultra-flexible provide chains – has disrupted the retail sector, whereas established gamers equivalent to Zara and H&M proceed to rely closely on predicting preferences. of consumers.
Shein stated in an announcement to Reuters that the clothes it produces meets an current demand, permitting its unsold garment price to persistently stay within the low single digits, whereas conventional gamers can have as much as 40% waste.
The invoice's solely impact could be to “worsen the buying energy of French customers, at a time when they’re already feeling the influence of the price of dwelling disaster,” he added.
The invoice comes because the French Setting Ministry stated it might suggest to the European Union to ban exports of used clothes, in a bid to deal with the worsening downside of textile waste.
(Reporting by Mimosa Spencer and Corentin Chappron; Enhancing by GV De Clercq)