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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. Something has to be said about a first mover advantage, it makes things easier.

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What’s next for Designerex, the Airbnb of fashion rental

Inside Retail

Fresh off its biggest capital raise to date, peer-to-peer fashion rental platform Designerex is gearing up for a period of rapid growth that will see it launch one-hour delivery in Australia, enter the UK and Europe and start working more closely with brands to reach new customers. Instead, it’s a platform that connects renters and lenders.

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Study: Resale to Hit $47B by 2025, Giving Fast Fashion a Run for its Money

Retail TouchPoints

That growth rate looks likely to continue, with the overall secondhand market projected to double in the next five years, reaching $77 billion in annual sales by 2025. Growing Sustainability Concerns Favor Resale Over Fast Fashion. It appears that much of that growth will come at the expense of fast fashion.

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Best Online Fashion Marketplaces: 10 Giants with Utmost Features

I Love Fashion

Fashion Digital Marketing Agency Online marketplaces are a great place to increase a brand’s exposure as they offer huge opportunities for retailers for growing and expanding their businesses. Why Are Online Fashion Marketplaces Booming So Fast? To start selling on Etsy, create an account first.

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Putting an End to the $50B Overstock Problem with Advanced Analytics

Retalon

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. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. How do retailers get into this mess? We know this doesn’t have to be the case.

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Putting an End to the $50B Overstock Problem with Advanced Analytics

Retalon

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. The consequences of out-of-stocks are severe, from losing profits to losing customers, and inevitably market share. How do retailers get into this mess? We know this doesn’t have to be the case.

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“Huge gap”: Why retailers haven’t improved conditions for garment workers

Inside Retail

The progress made by 25 retailers has been tracked and monitored by World Baptist Aid – via its Ethical Fashion Report and in accordance with its guidelines – with factors relating to supply chain governance, including workplace conditions and wages, being accessed. million victims as of last year.