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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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Does Buying Local Have A Positive Impact on the Planet?

Independent Retailer

Most of that transportation takes place by ship. 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. Second Hand Shopping Gaining Popularity.

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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Rascal Clothing was withdrawn from the deal due to one of the founders exercising a pre-emption right, which was agreed upon as part of JD’s acquisition in February 2019 but the sporting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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Gen Z: Merchants of cool or brand killers?

Inside Retail

My Gucci Marmont bag from Vestiaire Collective has shipped. Bagged a pre-loved bargain, supported circular fashion and didn’t even set foot in a store. They’re set to account for 40 per cent of the global luxury fashion market alone by 2025. Mecca reminds me that my loyalty Loop gift is ready. Definitely pre-Covid.

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10 Ways Technology Improves Your Retail Business

Retail Next

Retail Sales Report 2019 , the industry is undergoing two major shifts. Fast fashion and affordable products are cool. The quality is acceptable for the price, and they always get to look fashionable. According to the U.S. The second one is technological. How Technology Improves Your Retail Business.

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6 of the Best Ways to Retain Customers in Retail

Indigo 9 Digital

Many consumers say they want to buy sustainably sourced clothing but fast fashion retailers like Zara and H&M are among the largest clothing retailers in the world. Some of these benefits include receiving samples from top brands, free standard shipping and a birthday gift. Let’s take the sustainability movement.