Retail TouchPoints
OCTOBER 17, 2022
Additionally, it’s likely SHEIN was looking for a sustainability-focused facelift ahead of a planned U.S. with plans to expand it globally next year. SHEIN is launching its resale program after coming under fire for its fast-fashion practices, with criticism from circular fashion platform ThredUP at the forefront.
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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Inside Retail
FEBRUARY 24, 2022
The local retailer operated four Gap stores in New South Wales and two in Victoria, but closed them in 2017 and 2018 due to declining sales. In 2020, the San Francisco-based brand announced plans to close 225 stores worldwide by 2024. But it’s not only the fashion trends that have changed since Gap’s heyday.
Inside Retail
FEBRUARY 27, 2023
In Spain’s A Coruna, two contrasting fashion business models collide – pitching the growing demands for the clothing industry to become more sustainable against the constant need to drive sales. Inditex had 565,027 tonnes of garments on the market in 2021, more than the 528,797 tonnes in 2018, according to its annual report.
Inside Retail
JANUARY 28, 2022
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 Announcing the results, Helmersson revealed a plan for H&M to double its group sales by 2030 as well as halving its carbon emissions. “We billion. “We
Retail TouchPoints
SEPTEMBER 23, 2021
France has outlawed planned obsolescence , fining companies that manufacture goods that are intentionally designed to wear out and break. Peru is leading the fight against the environmental damages of fast fashion with alternative clothing sewn from sustainable fibers and manufactured in settings that prioritize social justice.
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. 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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