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Shein sued for US$100 million by artist over ‘stolen’ design

Inside Retail

An American freelance artist has sued Chinese fast-fashion retailer Shein for US$100 million, alleging the company copied her artwork without permission. Stephenson’s filing argues that by using Shein’s name and logo on the product’s packaging, Shein has added “false” copyright management information. “In

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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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Online drives H&M profit recovery – but sales still lag pre-Covid era

Inside Retail

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

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H&M: ‘Marketplaces in Asia are ahead of the rest of the world’

Inside Retail

Since the fast fashion brand first launched on Tmall in China in 2018, it has continued to embrace third-party marketplaces in the broader region, including Myntra in India and Zalora in Southeast Asia. “I And nowhere is this more apparent than in Asia, where online marketplaces dominate the local e-commerce industry.

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Frasers vs Next: How big are their growing retail empires?

Retail Gazette

Frasers Group stated that at the time of the acquisition, that the online fast fashion retailer owed £13m to its shareholders. in the year to 31 January, 2018. The furniture brand, which had concessions in House of Fraser, reportedly suffered after the department store fell into administration in 2018.

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

Retalon

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. In 2018 retail giant H&M disclosed that they had $4.3 As a result, Richemont has admitted to destroying $563 million worth of watches in 2018/2019.

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

Retalon

This overstock issue is not new, and retailers have tried to manage their unsold goods through donations and resellers, but there is simply too much inventory. In 2018 retail giant H&M disclosed that they had $4.3 As a result, Richemont has admitted to destroying $563 million worth of watches in 2018/2019. Incentives.