Retail TouchPoints

OCTOBER 5, 2020

Fast-fashion retailer H& M announced plans to close approximately 250 stores next year as it seeks to step up the pace of its transformation via digital investments, store portfolio optimization and increasingly integrated channels. Sales for September 2020 decreased 5%.

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Fast Fashion Fashion Accounting Location 184

Indigo 9 Digital

FEBRUARY 28, 2023

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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Fast Fashion Fashion Apparel Department Stores 98

Retail TouchPoints

JUNE 30, 2021

While the pandemic had a chilling effect on apparel sales as a whole, the resale sector was blazing hot: it grew 29% in 2020 to capture $9 billion in U.S. Clark isn’t exaggerating: 33 million consumers bought secondhand apparel for the first time in 2020, according to the report.

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Fast Fashion Fashion Apparel Thrift Store 264

Inside Retail

APRIL 26, 2021

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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Fashion Fast Fashion Consumer Marketing 242

Inside Retail

APRIL 25, 2021

Most visible, however, was the decision to discontinue its sexualised marketing as consumer preferences had clearly moved on. As part of the turnaround, speed to market has been increased, allowing it to compete more effectively with fast fashion retailers like Zara. The Singapore closure can be seen in this context too.

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Fast Fashion Fashion Accounting Target Market 223

Inside Retail

APRIL 25, 2022

In a statement via its official account on Weibo, a local social media platform, the brand explained that its departure was due to an “adjustment of the brand’s global strategy”. The next retailer that looks to be in trouble is fast-fashion titan H&M. Last August, Urban Outfitters announced it was exiting China temporarily.

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Fashion Accounting Fast Fashion Accessories 130

Inside Retail

FEBRUARY 8, 2023

Arte Museum will occupy approximately 4,750sqm of space that was vacated by Arclight Cinemas when it closed in 2020. The Arte Museum exhibition concept debuted in the Korean city of Jeju in September 2020, followed by branches in Yeosu and Gangneung in 2021. Are we expecting too much of experiential retail?

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Department Stores Fast Fashion Shopping Location 130

365 Retail

JUNE 7, 2022

As the rising cost-of-living crisis sees energy bills, fuel and food prices continue to climb, more UK consumers are turning to second-hand shopping and upcycling in order to make ends meet – as well as minimise their environmental impact. Coming around to the circular economy. And this trend has been rising consistently year-on-year.

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Shopping Fast Fashion Fashion Consumer 57

Inside Retail

JUNE 9, 2021

Fast-growing Australian online retailer Canningvale plans to relaunch the iconic Singaporean department store Robinsons as an online-only business this month after acquiring the company’s digital assets for an undisclosed sum. Without bricks-and-mortar stores, online-only retailers often struggle to stay front of mind for consumers.

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Planning Department Stores Fast Fashion Fulfillment 147

A1 Retail

MAY 6, 2021

Thriftify enables consumers to shop sustainably for quality second-hand products, in a way that positively impacts both people and the planet. Thriftify – a dedicated online marketplace connecting charity shops with consumers – has today announced its UK-wide launch.

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Fast Fashion Fashion Accessories Consumer 76

Inside Retail

JULY 28, 2021

The Covid-19 outbreak urged consumers to change their buying and shopping behaviors not only in Singapore but worldwide. SW: It has been a rather erratic 2020, predominantly dictated by the government‘s Covid measures. SW: It was both nerve-wracking and exciting to open our very first Tanaka flagship store during the pandemic.

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Dead-Stock Fast Fashion Fashion Shopping 246

A1 Retail

MAY 31, 2022

As the rising cost-of-living crisis sees energy bills, fuel and food prices continue to climb, more UK consumers are turning to second-hand shopping and upcycling in order to make ends meet – as well as minimise their environmental impact. Coming around to the circular economy . And this trend has been rising consistently year-on-year.

Shopping 45

Shopping Fast Fashion Fashion Consumer 45

Retail TouchPoints

APRIL 8, 2021

Recently, however, something new has begun to drive massive growth in the used goods sector — consumers who are shopping based on their values , in addition to searching for value. Nearly half ( 48% ) of Americans bought an item through resale in 2020, according to research from C2C resale marketplace OfferUp. The Cool Factor.

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Consumer Fashion Apparel Returns 346

Retalon

OCTOBER 24, 2023

Raw materials are destroyed, and a huge amount of energy is consumed when producing and moving products across the world. So, if a retailer is wondering why consumers and investors are pulling away, it’s because they are still using a traditional approach in a modern world. Entirely preventing these massive amounts of overstock.

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Markdowns Fast Fashion Consumer Accessories 41

Retalon

FEBRUARY 14, 2022

Raw materials are destroyed, and a huge amount of energy is consumed when producing and moving products across the world. So, if a retailer is wondering why consumers and investors are pulling away, it’s because they are still using a traditional approach in a modern world. Entirely preventing these massive amounts of overstock.

Markdowns 41

Markdowns Fast Fashion Consumer Accessories 41

Retail Geek

JANUARY 6, 2023

Matt: [2:02] Yeah have you too I like to think about my career or having two careers to date the first one was, very foundational for what I’m doing now but very quantitative, process-oriented mechanical engineering patent law Manufacturing, Ops Consulting things that had nothing to do with retail or fashion or e-commerce and then I. [2:32]

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Merchant Services Consumer Fashion Marketing 52

Inside Retail

MARCH 31, 2022

When the Nanjing-based company was established, in 2008, it was labelled a discount brand, selling ultra-cheap, of-the-moment fashion. Fast forward to 2020 and Shein had become the world’s largest online-only fashion firm, valued at more than US$30 billion ($40.1 Winning with TikTok.

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Fast Fashion Payment Services Fashion Shipping 130

Retail Geek

DECEMBER 21, 2021

In those 23 months, the retail industry grew 22%, historically fast growth. If you want to follow along on with all the data, here is a visual recap of retail growth 2020-2021. Retailers now compete with social media networks for eyeballs Apparel has shifted from designer led to consumer led, as evidenced by the meteoric rise of Shein.

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Sporting Goods Drop-Shipping Shipping Apparel 52

Retail Geek

JANUARY 7, 2022

Jason : Made to Order apparel business > 9 figures Yes Retailer offers viable health alt insurance option to consumers No Grocery E-Com > 10% someone deploys(not pilots) MFC Yes Amazon Shopify Competitor (shipping solution) No Retail Media > $20B Yes. Bonus – More store closures in 2021 than 2020.

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Merchant Services Payment Services Drop-Shipping Apparel 98