Inside Retail
JUNE 2, 2021
Fast-fashion giant H&M is to close its high-profile store at Westfield Bondi Junction in Sydney’s eastern suburbs, unable to agree on lease terms with owner Scentre Group. Unfortunately, we have been unable to come to an agreement with Scentre Group and will therefore close our H&M Westfield Bondi Junction store in July 2021.”.
Inside Retail
JUNE 2, 2021
Fast-fashion giant H&M is to close its high-profile store at Westfield Bondi Junction in Sydney’s eastern suburbs, unable to agree on lease terms with owner Scentre Group. Unfortunately, we have been unable to come to an agreement with Scentre Group and will therefore close our H&M Westfield Bondi Junction store in July 2021.”.
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Indigo 9 Digital
FEBRUARY 28, 2023
New ultra fast fashion competitors like ASOS and Boohoo entered the market and did what Forever 21 did but better. Not only are these retailers fast to market with their trendy designs they are also skilled eCommerce operators. In the 2000s the internet met fast fashion, and a slew of new competitors began to emerge.
Inside Retail
AUGUST 8, 2023
One early example was between the Swedish fast-fashion retail outlet H&M and designer Karl Lagerfeld in 2004. A partnership between a designer house and a fast-fashion retailer builds upon each other’s strengths, brand prestige and mass distribution.
Inside Retail
APRIL 12, 2021
The brand plans to expand the Refurbished program to more US stores throughout 2021 and beyond. According to ThredUp, a digital platform in the US that enables consumers to buy and sell secondhand clothing, the resale market grew 21 times faster than the retail market overall in 2016-2019, and is expected to be worth US$51 billion by 2023.
Inside Retail
MARCH 27, 2022
Co-founder and co-CEO Kirsten Kore says the business is in the “right place at the right time” to capitalise on consumers’ growing interest in sustainable alternatives to fast fashion, such as rental. According to FMI, global online clothing rental sales are expected to grow 11 per cent CAGR between 2021 and 2031.
Retail Gazette
OCTOBER 26, 2023
Hollister’s present day campaigns are a far cry from 2010 But Hollister’s “good looking people only” attitude didn’t fit with growing calls for inclusivity across fashion, and as its core customer base grew up and moved away from the brand, it struggled to appeal to the new generation.
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