Inside Retail
DECEMBER 13, 2023
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.
Retail TouchPoints
JUNE 9, 2023
When delivering goods, luxury retailers can also reduce their carbon footprint by offering BORIS, BOPIS and BOSS (buy online, return in-store, buy online, pick up in-store, and buy online, ship to store) options. There is also a significant intersection of sustainability with customer preference data.
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Inside Retail
NOVEMBER 1, 2022
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.
Inside Retail
OCTOBER 13, 2021
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.
Inside Retail
APRIL 14, 2022
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.
VMS
JUNE 1, 2021
Fast fashion brand H&M (Stockholm), owner of second-hand retailer Sellply, said it will open 20 more locations in Europe, according to Business of Fashion. Sellply handles the sales process from retrieving merchandise from sellers’ homes to listing, selling and shipping those items.
Inside Retail
MARCH 27, 2022
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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