Inside Retail

MARCH 19, 2024

Since the 1990s, fast fashion has enabled everyday people to buy the latest catwalk trends. Now, just when the fashion industry should be waking up and breaking free of this vicious cycle, it’s heading in the opposite direction. We’re on a downward spiral, from fast fashion to ultra-fast fashion.

Fast Fashion

Inside Retail

SEPTEMBER 3, 2023

In a warehouse on the outskirts of Barcelona, women stand at conveyor belts, manually sorting T-shirts, jeans and dresses from large bales of used clothing – a small step towards tackling Europe’s towering problem of discarded fashion. It did not respond to a request for comment on the suggestion it needed to do more.

Fast Fashion

Inside Retail

AUGUST 7, 2024

While many speculate about the reasons that established designers are partnering with the ultra-fast fashion company, it is apparent that Shein is using the program to separate itself from accusations that it trades in dupes and copycats. Shein’s investment in Shein X could serve to bolster its lead in the women’s clothing category.

Fashion

Retail TouchPoints

AUGUST 3, 2021

It has been a year since the pandemic rocked a fashion industry that was already feeling the pressure of trying to keep pace with consumer shifts toward digital, ethical sourcing and eco-friendly products. 2021 will continue to be an uncertain year, with business growth slow to pick up for the industry. Fashion Resale.

Fashion

Retail TouchPoints

MAY 17, 2022

At the same time, the rental and fast fashion sectors are expected to remain relatively flat, and department stores, value chains and mid-priced specialty retail will lose ground. Value is always in fashion when economic uncertainty is high.”. Retailers and Brands Take the Baton. All of this fuels the resale flywheel.

Apparel

Inside Retail

JUNE 2, 2021

Etsy Inc said on Wednesday it would acquire Gen-Z focused fashion reseller Depop for $1.63 More young consumers are moving toward second-hand fashion options, conscious of the environment and carbon footprint of the clothing industry. billion, as the online seller looks to attract younger shoppers. Reporting by Nivedita Balu.

Fashion

Retail TouchPoints

NOVEMBER 12, 2021

Ireland-based fast fashion retailer Primark is continuing its steady expansion in the U.S., The company’s most recent opening, its 13 th , took place in Philadelphia’s Fashion District in September 2021. The company’s most recent opening, its 13 th , took place in Philadelphia’s Fashion District in September 2021.

Fast Fashion

Retail TouchPoints

OCTOBER 31, 2023

Digital fast fashion retailer Shein has acquired UK women’s retailer Missguided from Frasers Group. Missguided has been under pressure for several years, first falling into financial difficulties in late 2021 when it was saved by an investment from private equity firm Alteri. .

Fast Fashion

Inside Retail

MAY 23, 2024

A new study demonstrates how AI can revolutionise fast fashion by improving supply chain efficiencies and in turn reducing the industry’s carbon footprint. The fast fashion industry is valued at US$2.5 trillion and employs some 75 million people, however, its economic impact is underscored by its environmental pollution.

Fast Fashion

Retail TouchPoints

JUNE 6, 2022

UK-based Frasers Group , parent company of Sports Direct , House of Fraser and Flannels , has reportedly acquired digital fashion retailer Missguided for $25.1 The fast fashion company first fell into financial difficulties in fall 2021 but was saved when private equity firm Alteri stepped in to buy a controlling stake.

Fast Fashion

Inside Retail

SEPTEMBER 13, 2021

Chinese fast fashion retailer Shein may frequently grab headlines for the wrong reasons but there’s no denying the increasing popularity of the controversial brand. As of October 2020, Shein was the world’s largest online-only fashion company, according to Euromonitor International. The price of fast fashion.

Fast Fashion

Retail TouchPoints

APRIL 5, 2023

Retailers are paying attention to the trend, with branded resale programs skyrocketing in 2022 as 88 new brands launched their own offerings, a 244% increase from 2021. In fact, 58% of retail executives surveyed now say that a resale offering is table stakes , up six percentage points from 2021. In 2022, U.S. consumers bought 1.4

Fast Fashion

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. H&M has not yet identified which stores will be shuttered.

Fast Fashion

Retail TouchPoints

OCTOBER 12, 2022

Fast fashion retailer Forever 21 will add 14 new stores to its roster across the U.S. In Q1 2021, Brookfield decided to sell its interest in the company for $63 million. through June 2023. Forever 21 started to unveil its new U.S. stores in August 2022 with the opening of a location at the Gran Plaza Outlets in Calexico, Calif.

Location

Inside Retail

JULY 30, 2023

Swedish fast-fashion giant H&M has sued Chinese rival Shein in Hong Kong over copyright infringement. The Swedish retailer is seeking compensation for unspecified damages and an injunction to prevent Shein from repeating the copyright violation, according to Bloomberg.

Fast Fashion

Retail TouchPoints

JUNE 2, 2021

Depop’s peer-to-peer marketplace for secondhand fashion is the 10 th -most-visited shopping site among Gen Z consumers in the U.S., The site is primarily known for its vintage, streetwear and Y2K (late 1990s/early 2000s) fashion. reaching $64 billion and ultimately becoming twice the size of the fast fashion sector globally.

Fast Fashion

Retail TouchPoints

APRIL 22, 2021

Global fast-fashion e-retailer SHEIN will be hosting its second-annual virtual music festival, “SHEIN Together Fest” on May 2, 2021, celebrating its Light-a-Wish campaign with a $300,000 donation to three charities chosen by its community.

Fast Fashion

Retail TouchPoints

FEBRUARY 18, 2022

B2C fast fashion platform Wish has launched a new shoppable video feature to simplify the path to purchase on its site. The new Wish Clips feature allows merchants to create and upload five- to 30-second video clips that showcase their product in action.

Fast Fashion

Retail TouchPoints

JUNE 15, 2022

The fast fashion retailer initially re-entered China for the third time in August 2021 through online platforms Vipshop and Pinduoduo. Forever 21 will expand its presence in China with a physical store slated to open later in June 2022, according to a WeChat post seen by Reuters.

Fast Fashion

Inside Retail

JUNE 2, 2021

Fast-fashion giant H&M is to close its high-profile store at Westfield Bondi Junction in Sydney’s eastern suburbs, unable to agree on lease terms with owner Scentre Group. Unfortunately, we have been unable to come to an agreement with Scentre Group and will therefore close our H&M Westfield Bondi Junction store in July 2021.”.

Fast Fashion

Retail TouchPoints

JUNE 8, 2022

Levesque has served as President of The RealReal since 2021 and COO since 2019. She previously served as CMO of The RealReal from 2012 to 2019 and owned Anica Boutique , a fashion and home store. Julian has served as CFO since 2021 and has over 30 years of financial management experience in both public and private companies.

Fast Fashion

Inside Retail

JULY 24, 2022

The peer-to-peer marketplace launched in 2021 and provides fashion influencers and sellers a platform for livestreaming commerce. Galaxy founders Danny Quick, Nathan McCartney, and Brandon Brisbon told The Business of Fashion that it’s about “making the experience of the resale more enjoyable”. Reduce, reuse, resell.

Fashion

Retail TouchPoints

NOVEMBER 10, 2021

A recent IBM Institute for Business Value study polling retail and CPG executives revealed that by the end of 2021, nine in 10 will be working on sustainability initiatives across the enterprise. One leader in using technology for sustainability is Bestseller India , which is working to make “fast fashion” more sustainable.

Fast Fashion

Inside Retail

JUNE 2, 2021

Fast-fashion giant H&M is to close its high-profile store at Westfield Bondi Junction in Sydney’s eastern suburbs, unable to agree on lease terms with owner Scentre Group. Unfortunately, we have been unable to come to an agreement with Scentre Group and will therefore close our H&M Westfield Bondi Junction store in July 2021.”.

Fast Fashion

Retail TouchPoints

JANUARY 4, 2022

The resale market is growing 11 times faster than traditional retail and is expected to reach $84 billion by 2030, far eclipsing the predicted $40 billion market for fast fashion. . In April 2021, Lululemon announced a soft launch of its resale program that lets shoppers sell and buy used merchandise.

Consumer

Inside Retail

JUNE 30, 2024

Rachel Leonard, editorial director of The Bridal Council and former fashion director of Condé Nast’s Brides , agreed that consumers today are seeking more bespoke bridal wear and adds that they want those services provided on a “faster turnaround” time. per cent between 2021 and 2031, to reach US$55.6 It has it all.”

Accessories

Retail TouchPoints

MARCH 22, 2023

million people who fell victim to forced labor in 2021, 3.3 New retail trends fueled by consumer demand, such as fast fashion, also have made children more susceptible to the exploitative sweatshop-like conditions of textile manufacturing.

Fast Fashion

Inside Retail

JUNE 7, 2021

Uniqueness is one of the most coveted elements of fashion for many style-conscious shoppers, and in a world drowning in new brands, buying vintage or resale is the best option to find something truly special. “To The future of secondhand fashion. The Covid pandemic created a boom for the resale sector,” he said.

Fashion

Inside Retail

APRIL 12, 2021

The brand plans to expand the Refurbished program to more US stores throughout 2021 and beyond. At the same time, consumers are becoming more and more conscious of the environmental impact of throwaway fashion consumption and the opportunity to extend an item’s life through buying secondhand.”. What’s driving the rise of resale.

Fast Fashion

Inside Retail

NOVEMBER 14, 2023

Further, 51 per cent are familiar with the term “ethical fashion,” a three per cent increase from 2021. per cent decrease (from 18 per cent to 16 per cent) since 2021 in those who would prioritise their values being reflected, over affordability, when making purchasing decisions. Notably, there has been a 12.5

Consumer

Retail Focus

AUGUST 22, 2022

Launching in 2021, Alder & Green is re-establishing what a modern menswear brand should be, by developing responsible men’s shirts and accessories to encourage consumers to buy less and buy better. Fashion brands have altered our attitudes through fast fashion, prioritising profit margins over ethical production.

Fast Fashion

Inside Retail

APRIL 28, 2021

The Chinese fast fashion giant may be one of the most downloaded fashion apps around the world, but it continues to maintain a low corporate profile. Ask any consumer to name a fast fashion retailer and they probably think of H&M, Zara or Gap. Fast fashion, but slow deliveries. Shein hauls.

Fast Fashion

Inside Retail

FEBRUARY 27, 2023

In Spain’s A Coruna, two contrasting fashion business models collide – pitching the growing demands for the clothing industry to become more sustainable against the constant need to drive sales. Inditex had 565,027 tonnes of garments on the market in 2021, more than the 528,797 tonnes in 2018, according to its annual report.

Fashion

Inside Retail

JUNE 27, 2024

Bydee’s business boomed to new heights during the Covid-19 pandemic and resulted in a 700 per cent growth, from 2020-2021. I studied a Bachelor of fashion and textiles and from there I started doing market stalls and that’s the first iteration of the formal business side of things,” she said.

Fast Fashion

Inside Retail

MAY 12, 2021

Where fast fashion has been such a ‘go-to’ for ‘treat yourself’ spending, the longevity of such pieces weighs on spenders today. Therefore, instead of spending in volume at lower cost with fast fashion, people are looking to timelessness, rarity and longevity.”.

Fast Fashion

Retail TouchPoints

DECEMBER 21, 2023

Kohl’s and Nine West launched an adaptive apparel line, and QVC leveraged some star power by launching an accessible fashion line in partnership with Selma Blair and Isaac Mizrahi. The latter had always been based on a marketplace model, and Shein added a marketplace in May to expand its reach beyond fast fashion.

Sporting Goods

Inside Retail

AUGUST 12, 2021

The niche crypto assets are also capturing the attention of some of the world’s biggest fashion companies, keen to associate themselves with a new generation of gamers – although most of their forays so far are for marketing. For NFT enthusiasts, online fashion does not replace physical purchases. SELFIE SHOPPING.

Fashion