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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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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. Growing Sustainability Concerns Favor Resale Over Fast Fashion. Fast fashion and thrift are very similar in a lot of ways,” said Clark.

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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.

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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.

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Does Buying Local Have A Positive Impact on the Planet?

Independent Retailer

As sustainability continues to grow in popularity, the new buzz around the block is that ‘buying local’ and ‘shopping small’ is better for the planet — but is this really true? 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.

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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Rascal Clothing was withdrawn from the deal due to one of the founders exercising a pre-emption right, which was agreed upon as part of JD’s acquisition in February 2019 but the sporting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. As a result, Richemont has admitted to destroying $563 million worth of watches in 2018/2019. Retailers are easily able to account for all the factors outlined above when forecasting demand.