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How Shein is winning the fast-fashion war by putting consumers in charge

Inside Retail

With Zara-owner Inditex and H&M set to disclose their most recent sales results, investors will be focused on one major question: how are the two fast-fashion pioneers responding to the current market leader, Shein? Shein accounted for nearly one-fifth of the global fast-fashion market in 2022, outpacing Zara and H&M.

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Shein chooses Tokyo for its first permanent store in the world

Inside Retail

Fast fashion retailer Shein is set to open its first permanent store in the world – in Japan’s capital Tokyo. The store, located in the bustling fashion precinct of Harajuku, will open on November 13. However, they cannot purchase on the spot at this store – the products are shipped to their home or office.

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Not so fast! Supply bottlenecks strain fashion chains

Inside Retail

Supply bottlenecks, slower product deliveries and higher freight and labour costs risk shifting the fast fashion industry into the slow lane, as shown this week by British online fashion retailer Asos. Cheap supplies from Asia have been central to many fast fashion business models. SLOW TRANSIT.

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Uniqlo owner sees big profit drop in China due to Covid restrictions

Inside Retail

China is Fast Retailing’s biggest foreign market, with 863 stores on the mainland and almost 90 outlets in Shanghai, where stringent lockdown measures, introduced in late March, remain in place to contain the country’s worst outbreak of the pandemic. Fast Retailing has more Uniqlo stores in China than in its home market of Japan.

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Fashion rental is back: Designerex looks to raise funds as demand surges

Inside Retail

Co-founder and co-CEO Kirsten Kore says the business is in the “right place at the right time” to capitalise on consumers’ growing interest in sustainable alternatives to fast fashion, such as rental. According to FMI, global online clothing rental sales are expected to grow 11 per cent CAGR between 2021 and 2031.

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Despite COVID, Spanish Retailer Rolls Out RFID Across 125 Stores in One Month

Retail TouchPoints

The retailer was founded in 1986 by Raúl Méndez on Spain’s Gran Canary Island, and now has 145 points of sale throughout Spain, including 125 stores, and operates under the women’s fast-fashion brands Encuentro Moda and Öbu. Source Tagging Provides Basis for Inventory Tracking.

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Hot Holiday Products Available NOW

Independent Retailer

The supply chain is badly tangled, the price of shipping is skyrocketing, and retailers need products now. We are more than 18 months into the pandemic and with no signs of the shipping crisis getting better, businesses need to act fast if they want to get merchandise in on time for the holidays.