Retail TouchPoints

OCTOBER 12, 2022

Fast fashion retailer Forever 21 will add 14 new stores to its roster across the U.S. In 2020, Simon Property Group, Brookfield Property Partners and Authentic Brands Group bought Forever 21 following the retailer’s bankruptcy filing. through June 2023. Forever 21 started to unveil its new U.S.

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Retail TouchPoints

JUNE 15, 2022

The fast fashion retailer initially re-entered China for the third time in August 2021 through online platforms Vipshop and Pinduoduo. Authentic Brands Group , which acquired Forever 21 in early 2020, has since signed a licensing agreement with Hong Kong-based Lasonic Electric Xusheng Co.

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Retail TouchPoints

SEPTEMBER 8, 2023

Just in time for New York Fashion Week, the iconic, now defunct luxury department store Barneys New York has made its return to fashion, albeit not in a way that many of the brand’s devotees would have imagined. Fast fashion retailer Forever 21 has released a limited-edition collection featuring the Barneys brand.

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Inside Retail

AUGUST 3, 2021

The Australian arm of fast-fashion brand H&M is launching an initiative today to help vaccinate children against preventable diseases by partnering with UNICEF. As such, H&M customers can now add a donation onto online purchases to give a bit extra, which will support UNICEF’s work in providing vaccines to at-risk kids. “In

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Inside Retail

SEPTEMBER 13, 2021

Chinese fast fashion retailer Shein may frequently grab headlines for the wrong reasons but there’s no denying the increasing popularity of the controversial brand. As of October 2020, Shein was the world’s largest online-only fashion company, according to Euromonitor International. The price of fast fashion.

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Retail Gazette

NOVEMBER 17, 2024

The fast fashion giant is purchasing clothes from GN Euro once again, the Telegraph reported, after being “disengaged” back in 2021. The scandal initially came to light in 2020 after an undercover reporter for The Sunday Times visited a factory with workers being paid less than minimum wage.

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Inside Retail

JUNE 30, 2022

In October 2020, the founders of Catch Group, Gabby Leibovich and Hezi Leibovich, along with Catch’s former CEO Nati Harpaz, invested $9.3 Last week it increased its stake in German fashion label Hugo Boss to around 4.9 And last month it bought collapsed fast-fashion brand Missguided for about US$25 million.

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Inside Retail

MAY 21, 2024

The company set itself a goal of opening, yes, 200 stores by 2020, but once again it ran into trouble. Along came Covid-19 in 2020 and then further rationalisations of the store portfolio occurred, including its flagships in New York’s Herald Square, San Francisco’s Powell Street and Chicago’s Michigan Avenue.

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Inside Retail

JUNE 27, 2024

Bydee’s business boomed to new heights during the Covid-19 pandemic and resulted in a 700 per cent growth, from 2020-2021. With a newfound niche in printed swimwear and surging e-commerce sales, Bydee pivoted to adopt a global focus after the restrictions of the 2020 Covid-19 pandemic halted travel and demand for bikinis locally. “We

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Retail TouchPoints

JANUARY 4, 2022

The resale market is growing 11 times faster than traditional retail and is expected to reach $84 billion by 2030, far eclipsing the predicted $40 billion market for fast fashion. . Levi’s marketers astutely recognized this trend during the pandemic and debuted Levi’s SecondHand in October 2020.

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Retail TouchPoints

MAY 29, 2020

Customer data from the Qubit personalization platform tells the story of how consumer behavior has changed just since mid-March 2020: General Retail (Home & Garden) is seeing a steady surge, but conversions aren’t in line: With most of us staying inside more, consumers are spending more time on DIY projects around the house.

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Retail TouchPoints

SEPTEMBER 29, 2022

This year saw the proposal of the Fashion Sustainability and Social Accountability Act. Particularly for those operating in fast fashion, where the negative environmental and social impact of unsustainable practices is increasingly under public and media scrutiny. Walmart estimates this will reduce the 1.4

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Retail TouchPoints

NOVEMBER 10, 2021

These struggles to improve manufacturing processes are most visible in the textiles industry given the “fast fashion” trend — rapidly producing large volumes of inexpensive garments designed to capitalize on style trends.

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Retail TouchPoints

OCTOBER 5, 2020

Fast-fashion retailer H& M announced plans to close approximately 250 stores next year as it seeks to step up the pace of its transformation via digital investments, store portfolio optimization and increasingly integrated channels. Sales for September 2020 decreased 5%.

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Retail TouchPoints

MAY 27, 2020

Walmart continues its mission to elevate its reputation in fashion with its new ThredUP partnership, which gives e-Commerce shoppers access to secondhand merchandise across the full spectrum of prestige — from luxury names such as Chanel and Prada to middle-market Ann Taylor LOFT and Lands’ End to affordable Old Navy and fast-fashion leader H&M.

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Inside Retail

FEBRUARY 26, 2024

Paire first launched in 2020 with a single product, socks. Fast forward to 2024, it has expanded into apparel while leading the retail industry in sustainability measures. Our brand was established as an act of resistance against the fast-fashion trend. Inside Retail : What is the overarching mission of Paire?

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Retail TouchPoints

AUGUST 3, 2021

Gen Z and millennial shoppers are driving the fashion resale growth, with the market projected to grow to almost twice the size of fast fashion by 2029. Sustainable shopping can be heavy on the pocket but with second-hand fashion, young cost-conscious shoppers are able to tick both price and sustainability criteria.

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Inside Retail

FEBRUARY 2, 2025

A notable gap is apparent, though, between values and actions, as many still shop frequently on fast-fashion platforms like Shein. Rare Beauty, launched by Selena Gomez in 2020, swiftly built traction among Gen Z by blending influencer collaborations, authentic storytelling, and platform-specific content strategies.

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Inside Retail

OCTOBER 2, 2024

They’re so enormously talented – I think with fast fashion on the rise, it’s such a big challenge in the industry around the world, locally and internationally, it’s so important that we support, elevate, showcase and shine a spotlight on our local talent,” explained Flinn.

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Inside Retail

APRIL 28, 2021

The Chinese fast fashion giant may be one of the most downloaded fashion apps around the world, but it continues to maintain a low corporate profile. Ask any consumer to name a fast fashion retailer and they probably think of H&M, Zara or Gap. billion (US$10 billion) in 2020. Inclusive fashion.

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Inside Retail

AUGUST 2, 2021

billion) in sales in the year ending February 2, 2020, the most recent trading update the retailer has provided. And Selfridges Group managing director Anne Pitcher said the company was “pleased with the growth in digital” in 2020. billion (AU$3.72 billion), The Guardian reported.

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Inside Retail

MAY 12, 2021

Where fast fashion has been such a ‘go-to’ for ‘treat yourself’ spending, the longevity of such pieces weighs on spenders today. Therefore, instead of spending in volume at lower cost with fast fashion, people are looking to timelessness, rarity and longevity.”.

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Inside Retail

OCTOBER 4, 2022

UK-based fast fashion brand Boohoo recently announced that it had tapped US celebrity and influencer Kourtney Kardashian as its “sustainability ambassador” and launched a “sustainability journey” campaign that included a capsule collection and mini-series. “A spoiler alert for everyone: you can’t.

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Retail TouchPoints

AUGUST 25, 2021

The term rose to the surface last year as 2020’s unique confluence of events drove consumers toward shopping alternatives that were both environmentally friendly and economically feasible. Gen Z] has this massive demand for luxury fast fashion , what we now call the ‘affordable luxury’ sector. Look at brands Sandro and Maje.

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Inside Retail

FEBRUARY 24, 2022

In 2020, the San Francisco-based brand announced plans to close 225 stores worldwide by 2024. While Gap was considered a go-to fashion brand in the 1990s, the retailer has largely failed to attract new generations of shoppers. But it’s not only the fashion trends that have changed since Gap’s heyday.

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Retail Gazette

JUNE 6, 2024

A group of institutional investors claim the fast fashion giant failed to disclose serious labour rights violations at its suppliers’ factories and keep its past promises of fair production. Boohoo has been hit with an investor lawsuit in the UK after allegations of modern slavery breaches wiped more than £1bn from its share price.

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Inside Retail

SEPTEMBER 13, 2022

per cent in June 2020. We predict retailers in the fast-fashion apparel and footwear sectors within consumer discretionary goods could face significant headwinds over the next few months. Household savings were 7 per cent of disposable income at the end of 2019. This savings rate peaked at 23.7 Considerations for retailers.

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Inside Retail

APRIL 26, 2021

According to Fashion Revolution’s 2020 Fashion Transparency Index, only 24 per cent of fashion brands publish their second-tier suppliers and only 7 per cent publish third-tier suppliers (the source of raw materials).

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Retail TouchPoints

JUNE 28, 2022

In 2020, consumers returned products totaling $428 billion. In the fashion goods business, the tide is clearly turning toward recommerce resale as more consumers are inclined to reject ‘fast fashion’ in favor of secondhand options. Uncovering Secondhand Value. The NRF estimates the cost at $101 billion.

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Inside Retail

JANUARY 31, 2024

Fast fashion label H&M has named Daniel Ervér as its new president and CEO as Helena Helmersson departs the group. Joining the group in 1997, Helmersson has been overseeing the group’s operations as CEO since 2020. The appointment takes effect immediately.

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Inside Retail

JUNE 7, 2021

Research from ThredUp and GlobalData revealed that the resale market is expected to grow to almost twice the size of fast fashion by 2029. As of 2020, the online clothing resale market is valued at $28 billion.

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Inside Retail

APRIL 25, 2021

As part of the turnaround, speed to market has been increased, allowing it to compete more effectively with fast fashion retailers like Zara. All of the strategic changes had begun to bear fruit prior to the pandemic, with same-store sales at A&F up by 8 per cent in the quarter to January 2020.

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

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Retail Gazette

NOVEMBER 6, 2023

An undercover reporter at the fast fashion retailer’s Manchester HQ saw evidence of staff pressuring suppliers to drive prices down, even after deals had been agreed.

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VMS

OCTOBER 22, 2021

Developers Simon Property Group and Brookfield Property Parterns, along with Authentic Brands Group, purchased the fast-fashion brand out of bankruptcy in February 2020 for $81.1 Kulle worked at H&M for 25 years before joining Forever 21 as CEO.

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Retail Gazette

JUNE 14, 2024

Quiz has relaunched online at Debenhams, with over 600 items from the fashion retailer available as part of the new tie-up. Quiz said it was previously “one of the most prominent fashion brands” in the Debenhams portfolio prior to the popular retailer falling into administration back in 2020.

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Retail TouchPoints

APRIL 8, 2021

Nearly half ( 48% ) of Americans bought an item through resale in 2020, according to research from C2C resale marketplace OfferUp. Fast fashion brands and retailers (and those at similar tiers in other categories) are staring down the eventual demise of the very consumer preferences that led to their rise.

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