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Forever 21 to Close 200 Stores as it Considers Second Bankruptcy

Retail TouchPoints

The news follows rumblings last week that the retailer was struggling to maintain its sprawling brick-and-mortar presence amid increased competition in the fast fashion sector. While a bankruptcy filing isnt certain to happen, its goal would be to find a buyer for Forever 21s remaining U.S. stores, reports Bloomberg.

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Five Below Taps Forever 21 CEO to Lead Company

Retail TouchPoints

Park has been CEO of Forever 21 since 2022. She led a brand refresh for the fast fashion retailer, focusing on younger consumers with a social-media-first approach to customer engagement. Under her leadership, Forever 21 launched omnichannel capabilities , social commerce and a metaverse partnership with Roblox. million to $843.7

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Can Debenhams’ rebrand save Boohoo Group?

Retail Gazette

After acquiring the distressed department store in 2022, Boohoo Group has pivoted the once-beloved high street favourite into a new direction, reintroducing it as what it claims to be Britains leading online department store with a marketplace model. “The young fashion market has really struggled,” he adds.

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H&M Partners with Circulose to Scale Use of Materials Made from Discarded Textiles

Retail TouchPoints

H&M, which has often exemplified the climate-change dangers of fast fashion, was among the first four lead funders of the Apparel Impact Institute ’s Fashion Climate Fund in June 2022 , and is still seeking to create a more planet-friendly image.

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How Temu and Shein drive up Black Friday marketing costs for US retailers

Inside Retail

The cost per click for “Walmart clothes” increased by 16 times from August 2022 to August 2024. “We are seeing a fundamental shift in search marketing dynamics and the fast fashion brands are now outbidding the traditional retailers, and it does look like their strategies are a lot more aggressive,” she said.

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Can Boohoo Group new CEO Dan Finley keep Mike Ashley at bay?

Retail Gazette

CEO Dan Finley (left), designer Eleanor McMahon (middle) and Debenhams buying and design director Rachel King (right) The new chief executive been leading the successful turnaround of Debenhams since January 2022 after Boohoo rescued its brand name and website out of administration for £55m in 2021.

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Primark CCO exits after nearly three years

Retail Gazette

The executive, who joined the retailer in September 2022, is departing to “pursue a portfolio career”. Primark chief customer officer (CCO) Michelle McEttrick is stepping down from her role after almost three years.