Retail TouchPoints

APRIL 5, 2023

consumers ( 52% ) shopped secondhand apparel in 2022. secondhand apparel market is projected to reach $70 billion by 2027; globally the secondhand market is set to nearly double by 2027, reaching $350 billion. the online resale market is the fastest growing, with 21% growth [expected annually] over the next five years.

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Fast Fashion Apparel Fashion Consumer 233

365 Retail

MAY 19, 2022

eBay UK, which has seen one pre-loved fashion sale every second so far in 2022, is the first pre-loved fashion partner to couple up with the popular TV show. The collaboration comes after new research from eBay reveals that UK shoppers are becoming increasingly conscious of fast fashion. Marks and Spencer.

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Fast Fashion Fashion Shopping Marketing 64

Retail TouchPoints

OCTOBER 12, 2022

Fast fashion retailer Forever 21 will add 14 new stores to its roster across the U.S. stores in August 2022 with the opening of a location at the Gran Plaza Outlets in Calexico, Calif. The retailer reentered China with a physical store at the Jingjiang Impression City shopping center in Taizhou in June 2022.

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Location Planning Fast Fashion Shopping 296

Inside Retail

FEBRUARY 21, 2024

The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid transit times, more than ten industry sources said. They are scouring the market for any aircraft they can find.

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Fast Fashion Shipping Fashion Accounting 130

Retail TouchPoints

MAY 17, 2022

secondhand market is projected to double in the next five years, reaching $82 billion by 2026, according to ThredUP ’s 10 th annual Resale Report , conducted in partnership with GlobalData. One thing that really stood out to me [in the report] was this tension in the minds of younger shoppers who shop fast fashion,” said Marino.

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Apparel Fast Fashion Fashion Consumer 296

Retail TouchPoints

MARCH 15, 2022

So it will come as no surprise that even after growing a staggering 42% in 2021, the influencer market is expected continue that trajectory in 2022 reaching $15 billion by the end of the year, according to projections from influencer marketplace Collabstr. You Say Influencer, I Say Creator. What’s the difference?

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Marketing Advertising Consumer Marketing Spend 266

Inside Retail

MAY 15, 2023

To what extent can fast fashion brands make inroads in their sustainable practices and reduce their textile waste without fundamentally changing their business and operating model? This further fuel[s] their hyper-fast fashion model.”

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Fast Fashion Fashion Consumer Management 237

Inside Retail

OCTOBER 30, 2023

Shein, the China-founded fast-fashion retailer, has bought the Missguided brand from Mike Ashley’s Frasers Group, the e-commerce giant’s first purchase of a British brand. million in June 2022. Frasers, formerly called Sports Direct, bought Missguided out of administration for US$24.2

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Fast Fashion Fashion Marketing Planning 264

Inside Retail

FEBRUARY 2, 2024

Meanwhile, with traditional dropshipping, the goods will ship blind, without any marketing material that reveals the identity of the supplier. Digital concessions have become a popular model for fashion marketplaces in particular since Covid. There’s no need to invest in extra staff, marketing or promotions.

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Fulfillment Department Stores Wholesale Fast Fashion 246

Retail Gazette

APRIL 1, 2024

Shein has seen its profits soar to over $2bn (£1.6bn), more than doubling its previous figures, as the fast fashion giant awaits approval for a stock market listing in either New York or London. of the UK’s £60.3bn clothes market while Zara sits at 2.4%. Shein currently holds 2.2%

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Fast Fashion Fashion Marketing ATS 95

Retail TouchPoints

JUNE 15, 2022

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. The fast fashion retailer initially re-entered China for the third time in August 2021 through online platforms Vipshop and Pinduoduo. to manage Forever 21’s China operations.

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Fast Fashion Advertising Fashion Location 227

Inside Retail

MAY 8, 2024

The UK-based online platform for independent and ethical brands Wolf & Badger opened its first bricks-and-mortar location in London in 2010, before adding stores in New York in 2017 and Los Angeles in 2022. Today, the US is its largest market. GG: We increasingly see consumers looking to be more conscious in how they shop.

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Fast Fashion Boutique Fashion Department Stores 130

Retail TouchPoints

JUNE 8, 2022

Wainwright will continue serving in an advisory role as Founder through the end of 2022. Total revenue increased 48% in Q1 2022 as its number of active buyers rose 21% to 828,000 , but its loss widened to $57 million in Q1 2022 from $56 million in Q1 2021. in June 2019 to approximately $3 in June 2022.

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Fast Fashion Boutique Fashion Management 256

Retail Gazette

JANUARY 28, 2024

of the UK’s £60.3bn clothes market while Zara sits at 2.4%, the research firm reported. Shein officially became the largest fashion retailer in the world in 2022, despite facing accusations of labour law violations and design theft. The site will be the fast fashion company’s second in the UK.

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Fast Fashion Fashion Planning Marketing 88

Inside Retail

AUGUST 28, 2022

ThredUp’s 2022 Resale report shows that the secondhand market in the US is expected to more than double by 2026, taking its value to an estimated $82 billion in just four short years. It’s likely the technology to overcome this challenge will advance just as quickly as the resale market. Fast (preloved) fashion.

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Fast Fashion Fashion Thrift Store Shipping 130

Retail TouchPoints

FEBRUARY 7, 2023

But the luxury market sits in a unique position of growth: spending on luxury goods grew approximately 20% in 2022, according to Bain & Company , and it is likely to expand further through 2023. The luxury market has a few key advantages that will likely safeguard it from financial turmoil.

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Payment Services Consumer Marketing Fast Fashion 279

Retail TouchPoints

OCTOBER 20, 2022

Consumers are also pushing for brands to step away from “fast fashion” trends and promote sustainability in both product development and manufacturing, making efforts to reduce or offset their carbon footprints. Entering the Market of Eco-Friendly Clothing Manufacturers, Designers and Sellers.

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Fashion Fast Fashion Apparel Consumer 273

Inside Retail

JANUARY 31, 2023

H&M and LVMH target very different sectors of the fashion industry. The former, a fast fashion giant based in Sweden, saw a slump in fourth quarter earnings, with its operating profits falling by 87 per cent year on year, and its net profit declining by about 68 per cent. This, he explained, counts against fast fashion. “In

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Fast Fashion Fashion Apparel Net Profit 147

Retail Gazette

APRIL 23, 2024

The fast fashion retailer has appointed ex-Sephora CEO Martin Brok, Additionally, former Tesco and Gap executive Christophe Roussel and ex-Walmart president of digital and chief marketing officer Sona Chawla. Primark has hired a trio of new executives to its strategic advisory board.

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Fast Fashion Finance Fashion Marketing 62

Inside Retail

FEBRUARY 5, 2023

We reached out to two experts to dissect this media fiasco and explore the bigger picture for brands, retailers and marketers in this day and age of misinformation. He feels that many fashion brands have sold their uniqueness to become accessible and therefore mediocre, and environmentally unfriendly by adhering to ‘fast fashion’.

Fast Fashion 130

Fast Fashion Fashion Advertising Management 130

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. Something has to be said about a first mover advantage, it makes things easier.

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Fast Fashion Fashion Apparel Department Stores 98

Retail TouchPoints

MARCH 27, 2024

And nearly two in every three consumers who made a secondhand apparel purchase in 2023 made at least one of those purchases online, an increase of 17 percentage points from 2022. “I I think what’s also happening is the share of the closet that’s secondhand is accelerating ,” said Reinhart. Still, “RaaS is really important,” he added.

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Apparel Fast Fashion Fashion Thrift Store 253

Inside Retail

JULY 24, 2022

Shoppers can buy clothes directly from their favourite sellers and fashion influencers. The capital will also support a hefty marketing push to onboard more sellers, including brands. Fast-forward to 2022, and thrifting is still about finding unique pieces, in addition to caring for the planet and making money on the side.

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Fashion Fast Fashion Accessories Consumer 147

Retail Gazette

SEPTEMBER 18, 2023

The fast fashion retail giant posted a pre-tax profit of £12.2m in the 16 months to 31 December 2022, as revenue topped £1.1bn, according to documents filed on Companies House. Its UK business had 14 employees during the period, the majority of whom worked in marketing.

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Fast Fashion Fashion Planning Shopping 89

Retail TouchPoints

DECEMBER 21, 2023

Media and Advertising Became More Contextual (and Measurable) Marketing teams are feeling more pressure to perform. 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. Nicole Silberstein 2.

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Sporting Goods Advertising Consumer Apparel 286

Inside Retail

MARCH 26, 2023

Amid the rise of fast fashion and social media platforms accelerating consumptive behaviour, it appears that many Australians aren’t wearing or re-wearing the clothes they purchase. This was highlighted by the Fashion Resale Report from online retailer Reluv and Monash University. Consumer behaviours will also inevitably change.

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Fast Fashion Fashion Consumer Returns 246

Inside Retail

APRIL 14, 2022

Fast Retailing < is a bellwether for how major global retailers are being impacted by Covid-related shutdowns in China, one of the biggest growth markets for many Western brands. Fast Retailing has more Uniqlo stores in China than in its home market of Japan.

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Drop-Shipping Fast Fashion Shipping Fashion 130

Inside Retail

MARCH 8, 2023

Retailers, brands and marketers must realise that it is no longer a race for total digitisation or to reach the last-mile purchaser, but rather a race for complete agility in this volatile climate.” At Zalora, the company saw digital payments go from 75 per cent in 2020 to 81 per cent in 2022. What’s next?

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Consumer Payment Services Fashion Fast Fashion 130

Inside Retail

SEPTEMBER 16, 2021

Online fashion retailer Asos set out plans to cut its environmental impact and improve worker rights on Thursday, tying its success in cutting waste and carbon levels to future management pay. Asos sells over 85,000 products in 200 markets.

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Fast Fashion Fashion Planning Management 130

Retail TouchPoints

SEPTEMBER 29, 2022

This year saw the proposal of the Fashion Sustainability and Social Accountability Act. The sourcing of raw materials, factory working conditions and the environmental impact of goods distribution matters — and it appears business leaders in fashion and retail are taking note. Recommerce.

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Fast Fashion Fashion Markdowns Consumer 331

Inside Retail

MAY 18, 2022

Incredibly, the second-hand clothing sector is expected to grow faster than fast fashion in 2022 and the resale market is expected to grow 11 times faster than the broader clothing sector by 2025. Aside from our moral compulsion, businesses will not survive the customer onslaught if we do not act.

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Fast Fashion Consumer Accounting Fashion 246

Inside Retail

FEBRUARY 9, 2022

BG: What we ultimately offer retailers is seamless entry into the recommerce market. We give the brand seamless entry to the recommerce market but with no heavy lifting. IR: If you looked at the circular fashion industry locally and globally, where do you think things are at right now?

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Fashion Merchant Services Fast Fashion Consumer 246

Retail TouchPoints

NOVEMBER 9, 2022

Global downloads of mobile shopping apps were up 16% year-over-year in the first half of 2022 while the number of sessions was up 29% , according to data from the It’s Not Luck, It’s Skill: Make Every Marketing Dollar Count This Holiday Season report by data.ai. Mobile Retailing Requires a ‘Mindset Shift’.

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Fast Fashion Fashion Shipping Marketing 229

Inside Retail

SEPTEMBER 13, 2022

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

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Net Profit Payment Services Specialty Store Fast Fashion 278

Retail Focus

DECEMBER 8, 2021

Scott Pickus, marketing manager at Dynascan Technology, says: “After more than a year of lockdowns and limited access to stores, retailers are inevitably feeling the pressure to restore traffic inside their physical locations. ISE 2022 will welcome exhibitors showcasing the very latest technologies for the retail sector.

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Kiosk Fast Fashion Promotions Returns 208

A1 Retail

AUGUST 1, 2022

50% rise in online searches for ‘second-hand clothing’ year-on-year from June 2021 to June 2022 revealed by Google search trend analysis by small business insurance provider Simply Business. Within a week of the show starting in June 2022, the searches for ‘sustainable brands’ jumped by 614%.

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Fast Fashion Fashion Shopping Consumer 81

Inside Retail

MAY 31, 2023

Launched in September 2022, the Boston-headquartered platform boasts the resources of a powerful parent – China’s Pinduoduo Holdings. Like Shein, Temu offers discounted fashion and lifestyle goods, but unlike Shein it sources and ships directly from manufacturers in China. Notably, 75 per cent of vendors on Amazon originate from China.

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Shipping Fast Fashion Fashion Consumer 130