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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

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

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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Five up-and-coming Korean fashion brands to have on your radar

Inside Retail

After years of being sidelined on the alternative calendar, Seoul Fashion Week has become a popular fashion destination to discover bubbling trends before they hit the mainstream, and this year marks its highly-awaited return to physical shows following a two-year hiatus due to the pandemic. billion to $37.18 billion, respectively.

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

Inside Retail

Animal testing for cosmetics is banned in certian markets, including Europe, but animal rights organisation PETA claims some ‘cruelty-free’ companies have been quietly paying for tests on animals in order to market their products in China. Cruelty-free fashion. per cent during the forecast period of 2019 to 2024.

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Candles to cleaning: Diptyque finds beauty “where no beauty is expected”

Inside Retail

In a crowded market like the home fragrance category, where everyone from fast fashion and beauty brands to discount department stores and pharmacists are selling candles, it’s near impossible to create and retain cut-through, much less develop an iconic brand synonymous with luxury and quality like 60-year-old Parisian brand Diptyque.

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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. One of the key drivers of the strong showing has been the revival in visitors from overseas. In April, the Shinjuku (+21.2 per cent) stores.