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Forever 21 to Close 200 Stores as it Considers Second Bankruptcy

Retail TouchPoints

-based operator of Forever 21 is preparing to close at least 200 of its approximately 350 stores in preparation for a potential bankruptcy, Bloomberg reports, citing people with knowledge of the matter. While a bankruptcy filing isnt certain to happen, its goal would be to find a buyer for Forever 21s remaining U.S.

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What Shein’s return to India means for the country’s future retail scene 

Inside Retail

Indian retail conglomerate Reliance Retail has introduced an app in India to sell Sheins fashion products through a licensing agreement, marking the Chinese brand’s return after a five-year ban due to diplomatic tensions. Prices start at 350 rupees ($4) for dresses. The sector grew at a rate of between 30 and 40 per cent.

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Can smarter warehousing boost Australia’s fashion industry?

Inside Retail

This fast-moving cycle pressures brands to accelerate production and delivery. Ultra-fast fashion brands like Shein and Temu have leveraged advanced analytics and agile supply chains to dominate the market. Fast fashions dominance and its impact Fast fashion has transformed retail dynamics.

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Game on: How H&M is bringing fast fashion to the metaverse

Inside Retail

Fast fashion brand H&M recently launched Loooptopia, a Roblox game focused on creating, trading and recycling digital fashion items. These are some common factors that motivate players to continuously return to achieve milestones. Placing the majority of Roblox players at an age where forming habits is prevalent.

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New Fast Fashion Powerhouse: Shein Teams Up with Forever 21

Retail TouchPoints

The deal may eventually include Shein shop-in-shops at some of Forever 21’s 540 brick-and-mortar stores, which are heavily concentrated in malls, as well as offering consumers the ability to return Shein items at Forever 21 locations.

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Closing the Billion-Dollar Gap in Returns Waste

Retail TouchPoints

retail segment; the National Retail Federation (NRF) found the value of merchandise returned by consumers last year topped nearly $750 trillion. There is clearly a mounting and significant return waste problem. So why aren’t merchants processing these returns in efforts to recoup these massive losses? Take the U.S.

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Barneys New York Finds a New Home at Forever 21

Retail TouchPoints

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.