Remove 2016 Remove Fast Fashion Remove Marketing Remove Planning
article thumbnail

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.

article thumbnail

“Steal with pride”: How Officeworks and Woolies are tackling sustainability

Inside Retail

Meanwhile Holt, who was appointed general manager of sustainability, health and quality at Woolworths in 2016, explained that the team would discuss plans at length in order to determine which initiatives would resonate with customers, and actually work. “My

Fashion 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Nike is putting used sneakers back on the shelf

Inside Retail

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.

article thumbnail

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. This makes the business highly scalable.

Fashion 130
article thumbnail

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. 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.

article thumbnail

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.

article thumbnail

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? Poor Demand Forecasting.