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.

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Retail TouchPoints

OCTOBER 12, 2022

Fast fashion retailer Forever 21 will add 14 new stores to its roster across the U.S. In Q1 2021, Brookfield decided to sell its interest in the company for $63 million. through June 2023. Forever 21 started to unveil its new U.S. stores in August 2022 with the opening of a location at the Gran Plaza Outlets in Calexico, Calif.

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Retail TouchPoints

JUNE 6, 2022

The fast fashion company first fell into financial difficulties in fall 2021 but was saved when private equity firm Alteri stepped in to buy a controlling stake. The deal includes certain intellectual property of both the Missguided and Mennace brands.

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Retail TouchPoints

APRIL 5, 2023

Retailers are paying attention to the trend, with branded resale programs skyrocketing in 2022 as 88 new brands launched their own offerings, a 244% increase from 2021. In fact, 58% of retail executives surveyed now say that a resale offering is table stakes , up six percentage points from 2021. In 2022, U.S. consumers bought 1.4

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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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Inside Retail

JULY 30, 2023

Swedish fast-fashion giant H&M has sued Chinese rival Shein in Hong Kong over copyright infringement. The Swedish retailer is seeking compensation for unspecified damages and an injunction to prevent Shein from repeating the copyright violation, according to Bloomberg.

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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. Forever 21 will expand its presence in China with a physical store slated to open later in June 2022, according to a WeChat post seen by Reuters.

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Retail TouchPoints

FEBRUARY 18, 2022

B2C fast fashion platform Wish has launched a new shoppable video feature to simplify the path to purchase on its site. The new Wish Clips feature allows merchants to create and upload five- to 30-second video clips that showcase their product in action.

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Inside Retail

JUNE 2, 2021

Fast-fashion giant H&M is to close its high-profile store at Westfield Bondi Junction in Sydney’s eastern suburbs, unable to agree on lease terms with owner Scentre Group. Unfortunately, we have been unable to come to an agreement with Scentre Group and will therefore close our H&M Westfield Bondi Junction store in July 2021.”.

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Inside Retail

JUNE 2, 2021

The second-hand market is projected to grow at a 39 per cent compound annual growth rate from 2019 to 2024 in the United States, reaching $64 billion, and to grow to twice the size of fast fashion on a global basis, Etsy said. The post Etsy to buy fashion reseller Depop in push for younger consumers appeared first on Inside Retail.

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Retail TouchPoints

APRIL 22, 2021

Global fast-fashion e-retailer SHEIN will be hosting its second-annual virtual music festival, “SHEIN Together Fest” on May 2, 2021, celebrating its Light-a-Wish campaign with a $300,000 donation to three charities chosen by its community.

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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. Boohoo is facing criticism for bringing back a supplier it previously axed after its modern slavery scandal.

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Retail TouchPoints

JUNE 8, 2022

Levesque has served as President of The RealReal since 2021 and COO since 2019. She previously served as CMO of The RealReal from 2012 to 2019 and owned Anica Boutique , a fashion and home store. Julian has served as CFO since 2021 and has over 30 years of financial management experience in both public and private companies.

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Inside Retail

JUNE 2, 2021

Fast-fashion giant H&M is to close its high-profile store at Westfield Bondi Junction in Sydney’s eastern suburbs, unable to agree on lease terms with owner Scentre Group. Unfortunately, we have been unable to come to an agreement with Scentre Group and will therefore close our H&M Westfield Bondi Junction store in July 2021.”.

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Retail TouchPoints

JUNE 2, 2021

The acquisition is expected to close in Q3 2021, after which Depop will continue to be headquartered in London and operate as a standalone marketplace run by its existing leadership team. reaching $64 billion and ultimately becoming twice the size of the fast fashion sector globally.

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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. . In April 2021, Lululemon announced a soft launch of its resale program that lets shoppers sell and buy used merchandise.

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Retail TouchPoints

NOVEMBER 10, 2021

A recent IBM Institute for Business Value study polling retail and CPG executives revealed that by the end of 2021, nine in 10 will be working on sustainability initiatives across the enterprise. One leader in using technology for sustainability is Bestseller India , which is working to make “fast fashion” more sustainable.

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Retail TouchPoints

MARCH 22, 2023

million people who fell victim to forced labor in 2021, 3.3 New retail trends fueled by consumer demand, such as fast fashion, also have made children more susceptible to the exploitative sweatshop-like conditions of textile manufacturing.

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Retail TouchPoints

AUGUST 3, 2021

It has been a year since the pandemic rocked a fashion industry that was already feeling the pressure of trying to keep pace with consumer shifts toward digital, ethical sourcing and eco-friendly products. 2021 will continue to be an uncertain year, with business growth slow to pick up for the industry.

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Inside Retail

JUNE 30, 2024

One thing it doesn’t have, however, is the ability to customise gowns, and Wettstein believes this will blunt the long-term impact of fast-fashion brands like Abercrombie & Fitch in the wedding retail market. per cent between 2021 and 2031, to reach US$55.6 It has it all.” per cent between 2023 and 2029, to reach US$95.2

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Retail TouchPoints

AUGUST 25, 2021

Gen Z] has this massive demand for luxury fast fashion , what we now call the ‘affordable luxury’ sector. In response, Rebag just launched an instant trade-in option in July 2021. “There’s an emergence of a new generation whose wallets have grown, or rather they finally got their wallets,” he said. “[Gen

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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. Brands that take a strategic customer-centric approach can benefit from what funds customers do have and with ‘Euro summer’ heating up – Bydee is investing in meeting market demand with a localised approach.

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Retail Gazette

NOVEMBER 5, 2024

CEO Dan Finley (left), designer Eleanor McMahon (middle) and Debenhams buying and design director Rachel King (right) The new chief executive been leading the successful turnaround of Debenhams since January 2022 after Boohoo rescued its brand name and website out of administration for £55m in 2021.

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Inside Retail

NOVEMBER 30, 2022

Shopify also reported a 26 per cent increase in in-store sales – as tracked by its POS systems – compared to 2021. billion spend this year – up 3 per cent on 2021 spending according to our ARA-Roy Morgan predictions,” Zahra told Inside Retail. Average spend increased from $155.73 with mobile transactions driving 70 per cent of sales.

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Retail Focus

AUGUST 22, 2022

Launching in 2021, Alder & Green is re-establishing what a modern menswear brand should be, by developing responsible men’s shirts and accessories to encourage consumers to buy less and buy better. “We Fashion brands have altered our attitudes through fast fashion, prioritising profit margins over ethical production.

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Retail TouchPoints

DECEMBER 21, 2023

BB&B had been in decline over the past few years, fueled in part by an ill-fated foray into private label that began in March 2021 along with store closures and layoffs followed disappointing financial results in August 2022. Among the biggest challengers were Chinese-based discount shopping apps Shein and Temu.

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Inside Retail

SEPTEMBER 13, 2022

In response, many retailers pre-ordered inventory, which resulted in some retailers now carrying significantly large amounts of excess inventory, which is already exacerbated by stores holding excess inventory following the 2021 lockdowns. per cent higher than July 2021, driven by a 3.8 points down from the same week a year ago.

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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

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. Fast fashion, but slow deliveries. Inclusive fashion.

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Retail Gazette

FEBRUARY 12, 2024

The former Arcadia brands and Debenhams, which were snapped up by Boohoo in 2021, have narrowed its losses after two years under the fast fashion group’s ownership. Dorothy Perkins reported the biggest drop in pre-tax losses, narrowing from £15.9m Click here to sign up to Retail Gazette‘s free daily email newsletter

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Inside Retail

APRIL 12, 2021

The brand plans to expand the Refurbished program to more US stores throughout 2021 and beyond. “Overall, I think it’s a smart strategic move to get into resale, which is one of the fastest growing segments of fashion, and which is set to become bigger than fast fashion (which is in decline) in the coming three years.

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Inside Retail

NOVEMBER 14, 2023

Further, 51 per cent are familiar with the term “ethical fashion,” a three per cent increase from 2021. per cent decrease (from 18 per cent to 16 per cent) since 2021 in those who would prioritise their values being reflected, over affordability, when making purchasing decisions. Notably, there has been a 12.5

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Retail Gazette

MARCH 4, 2025

The firm also briefly owned a 50% stake in Missguided in December 2021 before the fast fashion brand was bought out of administration by Mike Ashley’s Frasers Group just six months later.

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Inside Retail

JULY 24, 2022

The peer-to-peer marketplace launched in 2021 and provides fashion influencers and sellers a platform for livestreaming commerce. Fast-forward to 2022, and thrifting is still about finding unique pieces, in addition to caring for the planet and making money on the side. It’s easy to see why investors are interested.

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Retail TouchPoints

JUNE 28, 2022

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. A sustainability advocate, Blunt’s ventures saved 1 billion liters of water in 2021. This trend is the future.

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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. A&F sales declined by 12 per cent during the year to January 2021, compared with a decline of 15 per cent at Hollister.

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