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Fast fashion firms prepare for EU crackdown on waste mountain

Inside Retail

In a warehouse on the outskirts of Barcelona, women stand at conveyor belts, manually sorting T-shirts, jeans and dresses from large bales of used clothing – a small step towards tackling Europe’s towering problem of discarded fashion. million tonnes of textile waste by 2030, McKinsey said in the report.

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Windsor Fashions to ‘Capitalize on Return to Normalcy’ with 150 New Locations by 2023

Retail TouchPoints

Fast fashion retailer Windsor Fashions is planning to open 150 new stores over the next two years, adding to its current fleet of 230 locations across 42 states in the U.S. The rapid increase in our store expansion plan is an exciting next chapter.”.

Fashion 279
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Lawmakers Urge SEC to Require Shein Prove it Doesn’t Use Forced Labor Before a U.S. IPO

Retail TouchPoints

While it has been reported by multiple sources that Shein is preparing for an IPO later this year, the company has thus far publicly denied these plans.

Fashion 278
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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. In February, the company shelved plans for its US market listing, according to Reuters.

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Shein set to overtake Zara within two or three years

Retail Gazette

Shein officially became the largest fashion retailer in the world in 2022, despite facing accusations of labour law violations and design theft. Founded in 2008, the retailer rose to success selling inexpensive clothes and lifestyle items, with more than 2,000 new styles added daily.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

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. In the 2000s the internet met fast fashion, and a slew of new competitors began to emerge.

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8 retailers slashing jobs and cutting costs in 2024

Retail Gazette

Last year, data from the Centre for Retail Research revealed that more than 120,000 jobs were lost in the retail sector as thousands of shops shuttered across the nation in retail’s worst year for store closures since 2008. Retail Gazette rounds up the retailers who have begun axing roles this year.