Retail TouchPoints

OCTOBER 5, 2020

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. H&M has not yet identified which stores will be shuttered.

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Fast Fashion Fashion Accounting Location 184

Retail TouchPoints

OCTOBER 20, 2022

Consumers are also pushing for brands to step away from “fast fashion” trends and promote sustainability in both product development and manufacturing, making efforts to reduce or offset their carbon footprints. Fashion, style and clothing have always been about innovation and imagination. Green goals are a moving target.

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Fashion Fast Fashion Apparel Consumer 262

Inside Retail

DECEMBER 13, 2023

We all know those great Aussies fashion start-up stories, those household names who cut their teeth in the city markets,” John said. Essentially, anyone wanting to flex their fashion muscle with less risk.” Creating an account with Inkse is free with users only paying for what they purchase and delivery costs.

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Fashion Fast Fashion Boutique Fulfillment 130

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.

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Fast Fashion Fashion Apparel Department Stores 98

Inside Retail

MAY 18, 2022

Incredibly, the second-hand clothing sector is expected to grow faster than fast fashion in 2022 and the resale market is expected to grow 11 times faster than the broader clothing sector by 2025. We are confident there will be many more members in this group in the coming months as we progress our retail climate action plan. .

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Fast Fashion Consumer Accounting Fashion 246

Retail TouchPoints

JUNE 30, 2021

Resale — the segment of the secondhand market that ThredUP defines as offerings with more curated assortments — is expected to account for more than half of that total, $47 billion , by 2025. Perhaps more important is the fact that of those first-time buyers, 76% said they plan to increase their spend on secondhand in the next five years.

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Fast Fashion Fashion Apparel Thrift Store 263

Retail TouchPoints

NOVEMBER 10, 2021

Global emissions from transportation account for approximately 16%, and plastics 4%, of total greenhouse gas emissions. These struggles to improve manufacturing processes are most visible in the textiles industry given the “fast fashion” trend — rapidly producing large volumes of inexpensive garments designed to capitalize on style trends.

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Fast Fashion Fashion Consumer Accessories 260

Inside Retail

JANUARY 28, 2022

H&M grew its online business by 24 per cent last year to the point e-commerce now accounts for about one-third of its total sales. In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its net profit nearly seven-fold to US$1.5 billion. “We

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Net Profit Fast Fashion Fashion Apparel 130

Inside Retail

AUGUST 6, 2021

A spokesperson for Shein said it is in the process of finalising statements required by UK law, and plans to publish them on its website. “We Over the past 18 months, privately-held Shein, whose official name is Zoetop Business Co, has taken the fast-fashion world by storm. Low prices, lack of transparency.

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Fast Fashion Accounting Fashion Management 246

Retail Gazette

MARCH 6, 2024

The head office restructuring follows not just the store closure plans but the sale of The Body Shop’s loss-making businesses in much of mainland Europe and parts of Asia back in January. Sainsbury’s Last month Sainsbury’s revealed plans to cut 1,500 roles as it looks to save £1bn over the next three years.

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Fast Fashion Fulfillment Planning Fashion 96

Inside Retail

JANUARY 20, 2022

The Fashion Sustainability and Social Accountability Act (or Fashion Act) would apply to global apparel and footwear retailers and manufacturers with annual revenues of more than US$100 million that do business in New York. All of this information would need to be accessible to consumers online or in written form.

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Fashion Fast Fashion Apparel Accounting 208

Inside Retail

AUGUST 26, 2021

We are also committed to being honest and frank about our progress, so that we can be held accountable and to provide clear and evidence based information to our customers. IR: There has been a lot of criticism of fast fashion brands lately in terms of their lack of sustainability credentials.

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Fast Fashion Fashion Accounting Apparel 130

Inside Retail

SEPTEMBER 6, 2022

As part of the deal, PixelForce is building a Shopify app that will enable designer fashion brands to show customers exactly how much they could earn if they rented out items on Designerex after purchasing them. Kore frequently describes Designerex as the Airbnb of fashion rental.

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Fashion Checkout Fast Fashion Consumer 130

Inside Retail

JANUARY 11, 2024

When I looked around me, I noticed a significant change in the way people – including my friends and myself – consume fashion: we bought more but wore less. This vision then led to the creation of Vestiaire Collective, with the aim of transforming the fashion industry to a more sustainable future.

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Fashion Fast Fashion Marketing Management 130

Inside Retail

AUGUST 20, 2023

Williams shared plans to expand its Adelaide workshop following the launch of its ‘Crafted in Australia’ collection. This means that any fashion brand wishing to sell goods in the US must have complete oversight of its supply chains, from farm to manufacture, and be able to prove it to US Customs at the time of import.

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Fashion Consumer Fast Fashion Planning 246

365 Retail

JANUARY 20, 2022

Around 400 jobs are set to be axed across fast fashion chain Primark’s UK stores as the group looks to overhaul its retail management team. The retailer, which is owned by Associated British Foods, has launched a consultation with staff as part of plans to simplify its UK store retail management structure.

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Management Fast Fashion Fashion Accounting 62

Inside Retail

JULY 21, 2022

“Unspun was founded on the notion that we can create fashion on-demand to help eliminate the massive waste issue within the fashion industry,” Walden Lam, CEO and co-founder of Unspun told Inside Retail. There is also an element of taking responsibility and maintaining accountability,” she concluded. A long way to go.

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Fashion Fast Fashion Accounting Consumer 147

Retail Gazette

DECEMBER 21, 2023

The Range has since started opening Wilko stores and owner Chris Dawson told Retail Gazette earlier this month that he plans to open 40 more next year. Although White has had some successes, such as the launch of John Lewis value range Anyday, some elements of her plan such as its foray into housing has been met with criticism.

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Grocer Department Stores Fashion Planning 110

Inside Retail

JULY 19, 2022

In a crowded market like the home fragrance category, where everyone from fast fashion and beauty brands to discount department stores and pharmacists are selling candles, it’s near impossible to create and retain cut-through, much less develop an iconic brand synonymous with luxury and quality like 60-year-old Parisian brand Diptyque.

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Home Furnishings Department Stores Fast Fashion Outdoor 130

Inside Retail

DECEMBER 15, 2021

She is referring to the Australian Bureau of Statistics’ finding that 67 per cent of Australian adults are overweight or obese, which she sees as a rough indication of the level of demand for plus-size fashion. In the US, they account for 19 per cent of that country’s US$113.8 However, most of that demand goes unmet.

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Fashion Fast Fashion Marketing Consumer 130

Inside Retail

JULY 28, 2021

IR: Do you have expansion plans in the pipeline? What has the company planned post Covid-19? What inspired us to be more accountable for sustainability is from the core of our business, that is based on the traditional format of the optical retail business rather than the fast-fashion optical business format.

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Dead-Stock Fast Fashion Fashion Shopping 246

Inside Retail

OCTOBER 14, 2021

With qualifications in both law and accounting, her career has covered both disciplines, focusing on corporate finance, treasury and commercial transactions. British online fast-fashion firm Asos announced a shock management reshuffle on October 11, with CEO Nick Beighton stepping down after six years in the job.

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Fast Fashion Management Outdoor Finance 130

365 Retail

FEBRUARY 14, 2024

With the clothing market, for example, cheap fast-fashion brands and trending designer labels reign supreme — no pun intended. This helps us make improvements, plan future products, and demonstrate our commitment to progress to our GoDark community Social media — We engage across platforms like Instagram, Facebook and X.

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Consumer Fast Fashion Marketing Fashion 70

A1 Retail

FEBRUARY 12, 2024

I’ve seen some fabulous new products, and some new accounts opened.” Richard Keel, Managing Director of Keel Toys said, “The footfall and orders across Sunday and Monday have been really good, we have opened a high number of new accounts. Communication and planning with the event organisers, Hyve has been seamless.

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Fashion Returns Accounting Management 59

Retalon

OCTOBER 24, 2023

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. These variables, along with pricing and vendor lead times make planning demand very difficult. Retailers are easily able to account for all the factors outlined above when forecasting demand.

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Markdowns Fast Fashion Consumer Accessories 41

I Love Fashion

APRIL 5, 2023

Why Are Online Fashion Marketplaces Booming So Fast? Fashion marketplaces that are available online offer way more convenience to online sellers and marketers to reap the best benefit in the most convenient way. Here are the reasons why fashion marketplaces’ popularity has grown so much online.

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Fashion Payment Services Accounting Fulfillment 52

365 Retail

NOVEMBER 8, 2022

While traditionally, BNPL services were used to split payments for high value items, they soon became associated with online fast fashion brands, targeting Gen Z and Millennial shoppers. Mastercard recently announced it is keen to start rolling out plans to make crypto an ‘everyday way to pay.’

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Payment Services Finance Fast Fashion Consumer 73

Retalon

FEBRUARY 14, 2022

Whether it’s fast fashion or high-end brands, at the end of the day, the goal of a business is to maximize shareholder value. These variables, along with pricing and vendor lead times make planning demand very difficult. Retailers are easily able to account for all the factors outlined above when forecasting demand.

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Markdowns Fast Fashion Consumer Accessories 41

Retail Gazette

OCTOBER 19, 2023

Frasers Group stated that at the time of the acquisition, that the online fast fashion retailer owed £13m to its shareholders. Since then, the group has been persistent on its expansion plans for the retailer opening new flagship stores in major UK cities and entering the Irish market. Next plans to relaunch Joules in October.

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Fashion Fast Fashion Planning Boutique 62

Inside Retail

OCTOBER 30, 2023

He also discusses his plans for the SA1NT Layers brand, and what growth will look like moving forward. Inside Retail : Tell me about the inspiration and vision behind SA1NT Layers, as well as your plans and goals for the new brand? Are there plans for stand-alone stores, a wholesale presence and so on?

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Apparel Fast Fashion Planning Returns 264

365 Retail

SEPTEMBER 24, 2023

Interestingly, the onus has been placed on consumers to try and address the problem by massively reducing their consumption of fast fashion. However, fast fashion is only a part of the problem, as it is a pressing social issue concerned with promoting consumer behaviour reliant on endlessly buying to accommodate fast-paced trends.

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Fast Fashion Fashion Promotions Outdoor 57

Retail TouchPoints

APRIL 8, 2021

Research from fashion resale marketplace ThredUP and GlobalData found that the fashion market for secondhand goods (which includes resale as well as traditional thrift and donations) accounted for $28 billion in sales in 2019; it’s projected to grow to $64 billion by 2024. fashion market this year alone.

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Consumer Fashion Apparel Returns 341

Retalon

APRIL 14, 2021

A retail markdown strategy is a plan that describes when and how certain products should go on markdown. And since most markdowns are not planned for in advance (or at least accounted for in the pre-season planning stages), they frequently drain profits considerably more than they have to.

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Markdowns Dead-Stock Promotions Bundled Pricing 41

Retail Geek

JANUARY 12, 2024

So there’s no, no, no planning or, or, you know, kind of swapping and prediction. And I think the ones that are getting hurt are the non-fast fashion, the slow, the glacierly slow fashion. So that’s a part of the fun.

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Drop-Shipping Apparel Shipping Fast Fashion 59

Inside Retail

SEPTEMBER 4, 2022

However, the birth of fast fashion and the rise of the millennials soon pushed Esprit out of the game – and the Hang Seng Index – in 2013, sparking a continuing downward spiral for the years to come. Like another ‘tick-off retail bingo’ this device features a virtual claw-machine game.

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Fast Fashion Fashion Marketing Boutique 130

Retail Next

DECEMBER 3, 2019

Fast fashion and affordable products are cool. The quality is acceptable for the price, and they always get to look fashionable. Social media marketing requires careful planning. Target customers can use their app to scan a code on an endcap; then, the account code is shown at the checkout and they get their discounts. .

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Fast Fashion Shipping Consumer Fashion 52

Indigo 9 Digital

JULY 24, 2023

A few days ago I had to buy a birthday gift and due to a change in plans I only had a few days to do so. Many consumers say they want to buy sustainably sourced clothing but fast fashion retailers like Zara and H&M are among the largest clothing retailers in the world. What does it mean to be consistent? I said, "Really?

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Customer Retention Drop-Shipping Consumer Fast Fashion 52