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Study: Resale to Hit $47B by 2025, Giving Fast Fashion a Run for its Money

Retail TouchPoints

Resale — the segment of the secondhand market that ThredUP defines as offerings with more curated assortments — is expected to account for more than half of that total, $47 billion , by 2025. Clark isn’t exaggerating: 33 million consumers bought secondhand apparel for the first time in 2020, according to the report.

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What’s next for Designerex, the Airbnb of fashion rental

Inside Retail

Fresh off its biggest capital raise to date, peer-to-peer fashion rental platform Designerex is gearing up for a period of rapid growth that will see it launch one-hour delivery in Australia, enter the UK and Europe and start working more closely with brands to reach new customers. It’s something brands need to take note of.”.

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Exclusive: Vietnamese fashion operator eyes international expansion plan

Inside Retail

In just 10 years, Vietnamese fashion retail operator Maison Retail Management International (MRMI) has built a network of more than 120 retail stores across 18 high-profile international fashion brands. A lucrative market for affordable fashion. H&M, which has 12 stores in the country, recorded 4.4

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Myer’s latest trading update is a testament to putting the customer first

Inside Retail

million and now account for 21.3 It’s no secret that consumer-facing retail has had a tough year trying to stay price-competitive for customers. King has been on a 12-month rolling contract with Myer since 2018 and has decided to retire at the end of this financial year to return home to Florida to be with his family.

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How Touchland Uses Data to Drive Brand Expansion

Retail TouchPoints

Consumers can now browse and buy Touchland sanitizer across multiple channels, including the brand’s DTC ecommerce site, marketplaces like Faire and even on the shelves of big-name retailers like Ulta , Target and Sephora. After six months of B2C sales in the U.S., This is the key to growth.”

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New Hugo Boss CEO seeks to double sales by 2025

Inside Retail

New Hugo Boss chief executive Daniel Grieder set the ambitious target of doubling sales and ratcheting up profit margins on Wednesday, as the former head of Tommy Hilfiger stamped his mark on the German fashion house. Meanwhile, sales in Europe were just 4 percent below levels recorded in 2019 and were down 5 percent in the Americas.

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“It’s the right time to open some stores”: Ksubi CEO Craig King

Inside Retail

Started on a whim in 1999, Ksubi has grown into a globally recognised fashion brand worn by the likes of Kendall Jenner and Travis Scott. They had the licence for an eyewear company called Blind, and they took a stall at Sydney Fashion Week in 1999. The founders didn’t follow the traditional fashion trends. Ksubi CEO Craig King.

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