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

Inside Retail

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. The platform is doing triple the volume it did in 2019, its last normal trading year that wasn’t affected by Covid-19 lockdowns. .

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

Retail TouchPoints

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. Clark isn’t exaggerating: 33 million consumers bought secondhand apparel for the first time in 2020, according to the report.

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A small step for China, a giant leap for cruelty-free

Inside Retail

We hope that this will pave the way to actual legislative change that will benefit cruelty-free companies and the Chinese consumer as well as many thousands of animals,” she said in a statement. Cervasio has experienced increased awareness of animal testing by Chinese consumers in recent years. “As Cruelty-free fashion.

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Why department stores are thriving in Japan even as the US sector shrinks

Inside Retail

per cent) stores were going gangbusters with duty free sales, which account for up to 20 per cent of their store sales. In 2019, it was 219, so the closing of doors continues at a steady rate. To be fair, US department store chains saw the writing on the wall years ago and did take steps to align themselves better with consumer trends.

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Does Buying Local Have A Positive Impact on the Planet?

Independent Retailer

In 2019, the shipping industry accounted for about three percent of global carbon emissions, and that number is expected to rise to 17 percent by 2050. The more retailers can own that onus, the easier it will be for consumers to make better decisions.”. Most of that transportation takes place by ship.

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Behind the evolution of 107-year-old Japanese eyewear brand Tanaka Optical

Inside Retail

We have been aiming to deepen our understanding of local customers in Singapore and learn about local business models after acquiring Flo in September 2019. The Covid-19 outbreak urged consumers to change their buying and shopping behaviors not only in Singapore but worldwide. That’s how we have found Flo.