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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. 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.

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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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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. IR: Do you have expansion plans in the pipeline? What has the company planned post Covid-19? That’s how we have found Flo. SW: As a matter of fact, we do!

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

Retail Gazette

Rascal Clothing was withdrawn from the deal due to one of the founders exercising a pre-emption right, which was agreed upon as part of JD’s acquisition in February 2019 but the sporting group said it expects the divestment of Topgrade Sportswear to also be completed in due course. pre-pack administration deal in August 2019.

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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. These variables, along with pricing and vendor lead times make planning demand very difficult. As a result, Richemont has admitted to destroying $563 million worth of watches in 2018/2019.