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How Resale is Driving the Reinvention of Luxury Retail

Retail TouchPoints

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. The consumer is changing, the way that they purchase is going to change,” he said. “We In the retailX keynote session on Wednesday, Aug.

Consumer 306
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Boohoo rebrands to Debenhams Group as it shifts to marketplace model

Retail Gazette

The fast fashion brands saw a 21% drop in sales from 1.2bn to 94m year-on-year. The business has also promoted Debenhams finance director Phil Ellis to the role of new chief financial officer, replacing Stephen Morana with immediate effect. Rebuilt for the future and transformed into Britains leading online department store.

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When 62% of Shoppers Expect Their Cost of Living to Increase, Retailers Must Focus on Value and Experiences

Retail TouchPoints

Inflation fears are lingering as retailers approach the holiday season, with 79% of consumers saying their finances are a concern and 62% expecting their living costs to increase even further in the next six months, according to EY ‘s Future Consumer Index.

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5 Lessons from the Bob’s Stores Bankruptcy

Retail TouchPoints

The retailer filed for Chapter 11 bankruptcy in June and was unable to secure the necessary financing to keep its 21 brick-and-mortar locations open; all will be closed. Increased Competition Over the past few years, small- and medium-sized fashion and footwear retailers have faced intense competition from all sides.

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Institchu’s new tech makes custom tailoring a good fit for any retailer

Inside Retail

“We knew that the key was technology to support the supply chain, so from day one, we’ve invested heavily in building proprietary technology that’s simple, fast and reliable,” he told Inside Retail. We’ll be an innovative technology-led, direct-to-consumer business that also has a software-as-a-service product,” Wakefield said.

Apparel 243
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Analysis: Why does Shein continue to escape scrutiny?

Inside Retail

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.

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The collapse and rebirth of UK fashion giant Missguided

Inside Retail

Boasting a large selection of everything from ultra-affordable party dresses to £1 bikinis, this fast fashion e-tailer was the preferred choice of the Love Island cast and everyone who wanted to be on the show or wished to look like those on the show. Missguided was once Britain’s most visited online retailer. Self-inflicted wounds.

Fashion 130