Less Ads, More Data, More Tools Register for FREE

Pin to quick picksITV Share News (ITV)

Share Price Information for ITV (ITV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 79.60
Bid: 79.60
Ask: 79.75
Change: 1.60 (2.05%)
Spread: 0.15 (0.188%)
Open: 78.60
High: 79.80
Low: 77.85
Prev. Close: 78.00
ITV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

'Love Island' dumps fast fashion for second-hand eBay partnership

Wed, 15th Jun 2022 13:06

LONDON, June 15 (Thomson Reuters Foundation) - When fashion model Brett Staniland appeared on ITV's reality dating show "Love Island" in 2021, he was struck by the sheer amount of new clothing that arrived at the contestants' villa.

Each participant on the TV series was entitled to 500 pounds ($610) to spend online with fast fashion brand I Saw It First before the show's start, and would then receive a fresh delivery every few days, he said.

"Some of the other cast members were saying, 'You know, I can't wear this again because I wore it three weeks (ago),'" said the 28-year-old, who advocates for sustainable fashion.

"They'd just throw it into the corner of the room for it to be removed by cleaners each day," Staniland told the Thomson Reuters Foundation by phone. "It becomes extremely wasteful."

The cast of "Love Island" is hardly alone in snapping up fast fashion.

About 13 million items of used clothing end up in landfills in Britain every week, according to the charity Oxfam https://www.oxfam.org.uk/oxfam-in-action/oxfam-blog/never-taken-part-in-second-hand-september.

The fashion industry is the second biggest consumer of water globally, behind agriculture, and accounts for up to a tenth of greenhouse gas emissions - more than aviation and shipping combined - the United Nations' Environment Programme (UNEP) has said https://www.unep.org/news-and-stories/press-release/un-alliance-sustainable-fashion-addresses-damage-fast-fashion.

In a bid to shake off its fast fashion image and be seen as more eco-friendly, this year "Love Island" has partnered with online marketplace eBay to dress contestants in what eBay calls "pre-loved clothes".

"We believe now is the best time to change the conversation around fashion," said Jemma Tadd, head of fashion at eBay UK.

In previous series, dresses and other new items of clothing would sell out in minutes after appearing on the show.

Now, viewers wanting to replicate the stars can find similar second-hand options on eBay. Tadd said searches for cut-out dresses soared by 79% after contestants wore them on the first two episodes of this year's show, which aired last week.

Sustainable fashion campaigners and experts hope that the influence of TV shows such as "Love Island" can help promote second-hand clothing and keep more items away from landfills - even as fast fashion brands continue to flourish.

"Millions of people watch these episodes ... (they) have the potential to change behaviours," said Amber Martin-Woodhead, a human geography assistant professor focused on sustainable fashion at Coventry University.

"My concern with it is: what happens next year?" she added. "Will eBay be sponsoring it for the years to come or will it just be another fast fashion retailer next year?"

REBRANDING SECOND-HAND

While awareness is increasing of climate change threats, Martin-Woodhead said her research has found people need personal incentives to shop in a more sustainable manner.

Those includes cost savings, especially as the cost-of-living crisis bites, she said, but "thrifting" also has become more fashionable and reduced the stigma of buying second-hand.

In Yorkshire in northern England, "Love Island" fan Vicky Leyland welcomed the eBay partnership, saying her 18-year-old daughter loves hunting for charity shop bargains.

"Most of her clothes are from charity shops, and she's proud of them," she said by phone from the town of Knaresborough.

Leyland has watched every series of "Love Island" and runs a Facebook fan page https://www.facebook.com/groups/1223412177815254 with nearly 100,000 members. Only a few have commented on the show's use of eBay clothing, she said.

She said she was surprised not to have heard any discussion on the show about the new partnership. "I just hope that they mention it more, and more people go to reusing and reselling and rebuying," Leyland added.

Another company looking for a "Love Island" advertising boost is second-hand fashion marketplace Vinted.

Since it was founded in 2008, the Lithuanian app has grown to at least 50 million members globally, with users doubling in Britain over the past year to more than 3 million, said consumer lead Natacha Blanchard.

Vinted's UK customers are buying second-hand clothes not just for financial reasons but also to shop more responsibly, especially over the last few years, she said.

Research in 2017 by the environmental charity WRAP found that https://wrap.org.uk/sites/default/files/2020-10/WRAP-valuing-our-clothes-the-cost-of-uk-fashion_WRAP.pdf a 10% increase in second-hand sales in the UK could save 3% of carbon emissions and 4% of water used per tonne of clothing.

SLOW FASHION?

Boston Consulting Group, a management consultancy, predicts that the share of second-hand clothing in people's closets will rise to 27% in 2023, up from 21% in 2020.

Yet despite the growth of the second-hand market, fast fashion retailers are still thriving.

"The introduction of new collections, new trends and so on into stores and online does not seem to be showing signs of abatement," said Patsy Perry, an academic at Manchester Fashion Institute.

She said several retailers have sustainable collections - featuring items made with recycled plastics - but that these tend to make up only a small proportion of their overall range.

"Sometimes people feel like it's a bit of greenwashing," she said.

Only 1% of clothing on retailer PrettyLittleThing's website contained recycled materials, with other sellers not much higher: 2% for Boohoo, 4% for ASOS and 5% for Missguided, according to a 2021 analysis https://news.trust.org/item/20210610225140-z9reo by the Royal Society of Arts, Manufactures and Commerce (RSA) of 10,000 of the brands' items.

Activists have demanded greater transparency in the fashion industry so consumers know what they are buying.

The British government has faced calls to regulate fast fashion more tightly and make retailers take greater responsibility for their environmental impacts.

Last year, it unveiled plans https://www.gov.uk/government/news/government-unveils-plans-for-wide-ranging-waste-prevention-programme to tackle textile waste but few concrete measures are in place yet, analysts said.

To make fashion greener, experts say more needs to be done to curb production and keep clothes that are manufactured in use for longer - be it through repair, swapping, renting or simply wearing each piece many more times.

Former "Love Island" contestant Staniland said that before taking on new modelling work, he looks at information about retailers' business models, supply chains and materials.

The model is also pushing other influencers to work with more sustainable brands. Upon leaving "Love Island", cast members often sign lucrative deals with fast fashion companies.

While it is just a first step, Staniland said he was optimistic that the partnership between "Love Island" and eBay could be part of a broader change when it comes to eco-conscious fashion.

"It has the potential to be a really big moment," he said. (Reporting by Jack Graham; Editing by Kieran Guilbert and Laurie Goering. Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers the lives of people around the world who struggle to live freely or fairly. Visit http://news.trust.org)

More News
29 Mar 2023 15:01

Director dealings: ITV CEO makes share sale

(Sharecast News) - ITV revealed on Wednesday that chief executive Carolyn McCall had disposed of 68,145 ordinary shares in the FTSE 250-listed media giant.

Read more
29 Mar 2023 00:01

UK broadcasters to stay prominent on smart TVs and speakers

LONDON, March 29 (Reuters) - On-demand services from Britain's BBC, ITV and other public service broadcasters must remain easy to find on smart TVs and set-top boxes, the government said as it announced a plan to update media rules for the streaming age.

Read more
9 Mar 2023 09:15

LONDON BROKER RATINGS: Liberum cuts National Express to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
6 Mar 2023 09:48

LONDON BROKER RATINGS: DB cuts Reckitt; Jefferies likes Tesco

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
3 Mar 2023 13:17

Fonix Mobile extends partnership with ITV

(Sharecast News) - Mobile payment and messaging specialist Fonix announced an extension to its partnership with ITV on Friday.

Read more
3 Mar 2023 11:07

Fonix Mobile expands existing partnership with ITV to include SMS

(Alliance News) - Fonix Mobile PLC on Friday said that it has extended its partnership with ITV PLC to include SMS billing payments.

Read more
2 Mar 2023 10:35

ITV annual profit, revenue, dividend all up; expects continued growth

(Alliance News) - ITV PLC on Thursday said its profit, revenue and total dividend all increased across 2022, while it expects 2023 first quarter revenue to be up 25% from a year earlier.

Read more
2 Mar 2023 09:48

LONDON BROKER RATINGS: Numis cuts BT to 'sell'; Citigroup cuts Babcock

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
2 Mar 2023 09:13

LONDON MARKET OPEN: CRH shares jump as it plans US primary listing

(Alliance News) - Stock prices in London were lower early Thursday, with the FTSE 100 index being spared from a steeper fall thanks to a jump in CRH shares and a weaker pound.

Read more
2 Mar 2023 07:57

LONDON BRIEFING: Taylor Wimpey expects house completions to drop

(Alliance News) - Stocks were called to open flat in London, with market attention on a raft of corporate earnings, as well as a eurozone inflation reading at 1000 GMT.

Read more
2 Mar 2023 07:21

ITV profits fall on tough economy, ITVX investment

(Sharecast News) - ITV reported lower annual profits on Thursday due to tougher economic conditions and the investment made in its ITVX streaming service.

Read more
1 Mar 2023 11:28

ITV invests in architectural tech company Resi

(Sharecast News) - ITV said on Wednesday that it has agreed to invest in architectural tech company Resi.

Read more
1 Mar 2023 10:50

ITV invests in architectural technology company Resi Design

(Alliance News) - ITV PLC on Wednesday said it is adding architectural technology company Resi Design Ltd to its "Media for Equity" portfolio as its first investment of 2023.

Read more
26 Feb 2023 14:16

Sunday newspaper round-up: Brexit deal, HSBC, Fresh fruit

(Sharecast News) - Deputy Prime Minister Dominic Raab has refused to say whether Parliament will vote on the government's new Brexit deal. He did however tell Sky's Sophy Ridge on Sunday programme that "Parliament will find a away to have its say". The plan was expected to be unveiled possibly as early as Monday. "We want to handle this properly and in the right way," he said. I think one thing we've learned with meaningful votes and various other things since 2016 and beyond is that you have to carry Parliament with you, and I'm confident we would be able to." However, as of Sunday, it appeared unlikely that the proposals would satisfy the ERG or DUP. - Sunday Telegraph

Read more
23 Feb 2023 15:54

UK earnings, trading statements calendar - next 7 days

Friday 24 February 
ASA International Group PLCTrading Statement
CVS Group PLCHalf Year Results
European Opportunities Trust PLCHalf Year Results
Grit Real Estate Income Group LtdHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Monday 27 February 
Associated British Foods PLCTrading Statement
Beeks Financial Cloud Group PLCHalf Year Results
Bunzl PLCFull Year Results
Centralnic Group PLCFull Year Results
Dechra Pharmaceuticals PLCHalf Year Results
DX Group PLCHalf Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Kosmos Energy LtdFull Year Results
Quartix Technologies PLCFull Year Results
RHI Magnesita NVFull Year Results
Senior PLCFull Year Results
Tuesday 28 February 
abrdn PLCFull Year Results
Benchmark Holdings PLCQ1 Results
Bluefield Solar Income Fund LtdHalf Year Results
boohoo Group PLCFull Year Results
Cap-XX LtdHalf Year Results
Croda International PLCFull Year Results
Dalata Hotel Group PLCFull Year Results
Derwent London PLCFull Year Results
Hutchmed (China) LtdFull Year Results
Intertek Group PLCFull Year Results
Kitwave Group PLCFull Year Results
Man Group PLCFull Year Results
McBride PLCHalf Year Results
Morgan Advanced Materials PLCFull Year Results
Ocado Group PLCFull Year Results
Princess Private Equity Holding LtdFull Year Results
Rotork PLCFull Year Results
Serco Group PLCFull Year Results
St James's Place PLCFull Year Results
S-Ventures PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Unite Group PLCFull Year Results
Videndum PLCFull Year Results
XP Power LtdFull Year Results
Wednesday 1 March 
Aston Martin Lagonda Global Holdings PLCFull Year Results
Capital & Counties Properties PLCFull Year Results
GetBusy PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Global Invacom Group LtdFull Year Results
Haydale Graphene Industries PLCHalf Year Results
International Personal Finance PLCFull Year Results
Nichols PLCFull Year Results
Permanent TSB Group Holdings PLCFull Year Results
Persimmon PLCFull Year Results
Rathbones Group PLCFull Year Results
Reckitt Benckiser Group PLCFull Year Results
Ricardo PLCHalf Year Results
Weir Group PLCFull Year Results
Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.