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Ultra-fast fashion is undermining efforts to make the industry more sustainable

Inside Retail

Since the 1990s, fast fashion has enabled everyday people to buy the latest catwalk trends. Now, just when the fashion industry should be waking up and breaking free of this vicious cycle, it’s heading in the opposite direction. We’re on a downward spiral, from fast fashion to ultra-fast fashion.

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H&M to Shutter 250 Stores in 2021

Retail TouchPoints

Fast-fashion retailer H& M announced plans to close approximately 250 stores next year as it seeks to step up the pace of its transformation via digital investments, store portfolio optimization and increasingly integrated channels. Sales for September 2020 decreased 5%.

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Last Call for Sustainability: Imperatives for Change in the Retail and CPG Industry

Retail TouchPoints

A recent IBM Institute for Business Value study polling retail and CPG executives revealed that by the end of 2021, nine in 10 will be working on sustainability initiatives across the enterprise. Global emissions from transportation account for approximately 16%, and plastics 4%, of total greenhouse gas emissions.

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Analysis: Why does Shein continue to escape scrutiny?

Inside Retail

The Chinese fast fashion giant may be one of the most downloaded fashion apps around the world, but it continues to maintain a low corporate profile. Ask any consumer to name a fast fashion retailer and they probably think of H&M, Zara or Gap. billion (US$10 billion) in 2020.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

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.

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Is Korea’s Arte Museum the future of experiential retail?

Inside Retail

Arte Museum will occupy approximately 4,750sqm of space that was vacated by Arclight Cinemas when it closed in 2020. The space is the upper level of a three-level empty box, the two levels below having been left by upscale department store Bloomingdales , which closed in March 2021. Are we expecting too much of experiential retail?

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Analysis: Why Abercrombie & Fitch’s turnaround has not been cancelled

Inside Retail

It has fallen onto Horowitz to reposition the A&F brand and target a slightly older target market of 21- to 24-year olds, leaving sister brand Hollister – which actually accounts for 60 per cent of the group’s sales – to focus on the teen market. But even during the Covid-19 outbreak, the brand has performed reasonably well.