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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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ThredUP Continues Anti-Fast Fashion Offensive with V-Day Campaign, adds Francesca’s to Resale Roster

Retail TouchPoints

ThredUP is teaming up with TikToker Nava Rose to launch the Dump Fast Fashion Shop, an online secondhand storefront to help consumers thrift for Valentine’s Day and beyond. Nava Rose models one of her styles for the Dump Fast Fashion shop on ThredUP. “I Together with ThredUP, I’m committed to ghosting fast fashion.

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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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With SHEIN Exchange Launch, Retailer Uses Resale to Mend its Wasteful Fast Fashion Ways

Retail TouchPoints

SHEIN is launching its resale program after coming under fire for its fast-fashion practices, with criticism from circular fashion platform ThredUP at the forefront.

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New Fast Fashion Powerhouse: Shein Teams Up with Forever 21

Retail TouchPoints

Shein also has been on an expansion path of its own: In October 2022 Shein launched Shein Exchange , a platform for buying and selling previously owned Shein products; In May 2023 Shein opened its platform to third-party sellers; and In June 2023 Shein expanded its product assortment beyond fashion.

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Meet the fast fashion brand making shoes out of offcuts

Inside Retail

Sana’s success and how it’s using offcuts to make fast fashion more sustainable. As the consumer has access to endless information and content, the notion and impact of fast fashion and its effect on both the environment and labourers is common knowledge. Inside Retail : How did you come up with the idea for St.

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Fast fashion firms prepare for EU crackdown on waste mountain

Inside Retail

Fast fashion, or making and selling cheap clothes with a short lifespan, is “highly unsustainable”, the Commission said in July. million tonnes of used textiles in 2022, more than twice as much as in 2000. The textile industry is a major contributor to climate change and environmental damage, it noted.