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High-profile brands like Dion Lee and Mosaic Brands closed their doors, and IMGs departure from Australian Fashion Week disrupted the sector. Rising operational costs, increased global competition, and shifting consumer behaviours are among the contributing factors. Supports sustainability by reducing freight and consumables.
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.
Fastfashion retailer Forever 21 will add 14 new stores to its roster across the U.S. stores in August 2022 with the opening of a location at the Gran Plaza Outlets in Calexico, Calif. through June 2023. Forever 21 started to unveil its new U.S.
At its height, Forever 21 operated more than 500 locations in the US and at least 800 worldwide. However, after several years of diminishing sales in an increasingly competitive fast-fashion market, rumors have been spreading about Forever 21 declaring Chapter 11 bankruptcy for the second time.
With Zara-owner Inditex and H&M set to disclose their most recent sales results, investors will be focused on one major question: how are the two fast-fashion pioneers responding to the current market leader, Shein? Shein accounted for nearly one-fifth of the global fast-fashion market in 2022, outpacing Zara and H&M.
Ireland-based fastfashion retailer Primark is continuing its steady expansion in the U.S., The company’s most recent opening, its 13 th , took place in Philadelphia’s Fashion District in September 2021. “The This shift in consumer sentiment has been a primary driver behind the demise of U.S.
Australian fast-fashion brand Princess Polly has expanded in the US opening a flagship store in Los Angeles. Established in 2005 by husband-and-wife team Wez and Eirin Bryett, the Gold Coast brand sells on-trend women’s clothing for predominantly Gen Z consumers.
So what are these faux handbags doing in a RealReal retail store located on NYC’s Canal Street, a notorious knockoff hub? Rival resale platform Ebay spotlighted the difference between real and fake with its own Canal Street store in November 2023 , stocking the location with authenticated sneakers and streetwear.
A notable gap is apparent, though, between values and actions, as many still shop frequently on fast-fashion platforms like Shein. Monitor emerging platforms to stay ahead of shifts in consumer behaviour. Engage in meaningful dialogues with consumers to foster loyalty and trust.
Goodwill has 154 community-based, autonomous organizations in North America, and its global presence is growing, with locations in Brazil, Finland and South Korea. Within Canada there are five locations, including Alberta, Montreal and Ontario.
Consumers are becoming increasingly mindful about sustainability when it comes to shopping habits, and luxury retail is responding by investing in sustainable initiatives that will protect the environment while still allowing them to continue delivering luxurious items.
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.
While Urban Outfitters ’ assortment is designed for consumers in their teens and early 20s, Anthropologie provides a destination for consumers’ “next generation of life,” when they’re starting careers and families, according to Chief Marketing Officer Elizabeth Preis. As a company, we place a huge premium on creativity.
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. H&M has not yet identified which stores will be shuttered.
The annual Melbourne Fashion Week (MFW), hosted by The City Of Melbourne, is back and celebrating its 30th anniversary. “It It is quite the milestone, it does mean we’ve officially taken the designer crown of being the longest-running consumerfashion event in Australia,” Matthew Flinn, MFW senior manager, told Inside Retail.
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. Others have been forced to significantly reduce their number of locations or restructure to stay afloat. The official date of closure was July 14, 2024.
Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.
Recommerce, the sale of secondhand merchandise, is a hot topic as consumers become more enthused about recycling goods rather than contributing to enormous mountains of landfill waste. While secondhand marketplaces are steadily growing, they barely make a dent in the billions of items today’s consumers generate. Take the U.S.
Brands have closed their brick-and-mortar locations, with some also temporarily stopping e-Commerce due to concern about the safety of their employees, or other challenges. For omnichannel retailers, in-store sales can represent anything between 50% to 95% of their revenues — this is a scary and uncertain time. to +91% YoY, respectively).
It’s been 30 years since Seth Weisser and Gerard Maione opened their vintage boutique, What Goes Around Comes Around (WGACA) during the 1990s emergence of consumer appreciation for preloved garments. Now the owners of three locations — two in Manhattan, including the original SoHo shop on West Broadway, and one in Beverly Hills, Calif.
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. Fashion brands have altered our attitudes through fastfashion, prioritising profit margins over ethical production.
UK-based fastfashion 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. Consumer backlash.
Spanish fastfashion giant Zara made headlines for all the wrong reasons last month when Mexico’s Ministry of Culture accused it of using embroidery patterns distinctive to the Mixteca community of Oaxaca in its garments without credit or benefit to the Indigneous community.
and Europe and that it has enough inventory on hand to meet consumer demand during the holiday season. The fast-fashion retailer is expected to open five stores in the New York area and another in Tyson’s Corner, VA this year. The chain currently operates 13 locations in the U.S.
Data from the Australian Bureau of Statistics (ABS) shows that outlet shopping has seen steady growth over the past few years, as an increasing number of consumers seek value-driven shopping experiences, driven by economic factors such as the rising cost of living.
Toni Viñals, CEO at nsign.tv, says: “The retail sector is facing a stage of reinvestment in its business models in physical establishments with the desire to achieve a return to normality by offering consumers better shopping experiences that are both safer and more interactive so that the customer’s journey is as attractive as possible.”.
Global fast-fashion retailer, tick. Platform, Los Angeles: Where culture, community and creativity meet Located in a trendy neighbourhood of Culver City, California, Platform is a curated showcase of local indie brands, pop-ups, sleek bars and Michelin-star restaurants. Major department store, tick. Supermarket giant, tick.
The UK-based online platform for independent and ethical brands Wolf & Badger opened its first bricks-and-mortar location in London in 2010, before adding stores in New York in 2017 and Los Angeles in 2022. GG: We increasingly see consumers looking to be more conscious in how they shop. Today, the US is its largest market.
In the past, repurposing it required a meticulous approach that was equal parts complicated and time-consuming. Enterprise software solutions simplify excess inventory management workflows through a centralized system of record that consolidates data into one location for collaborative analysis.
When consumers visit our stores, I hope its not just about buying clothes. Founded in 2006 with the launch of Urban Revivo in Guangzhou, FMG has grown into a major player in Asia’s fashion landscape, going toe-to-toe with established fastfashion brands like Zara and H&M.
Meanwhile, NRFs vice president of industry and consumer insights Katherine Cullen, PwCs global retail leader Kelly Pedersen, Happy Returns chief operating officer Timothy Fehr and Pinterests director of consumer product marketing Rachel Hardy discussed emerging consumer trends in 2025.
Over the past year and a half, the platform has witnessed its transaction numbers multiply by seven times, a trend driven by a shift in consumer behaviour. Increasingly, individuals are turning away from fastfashion, opting for more eco-friendly choices and seeking additional sources of income. It boasts that 36.7
Fastfashion retailer Shein found two cases of child labour at its suppliers last year, it said in its 2023 sustainability report, as it stepped up audits of manufacturers in China to assuage criticisms of its low-cost business model ahead of a planned flotation. million tonnes of carbon dioxide equivalent, the report showed.
Co-founder and co-CEO Kirsten Kore says the business is in the “right place at the right time” to capitalise on consumers’ growing interest in sustainable alternatives to fastfashion, such as rental. According to FMI, global online clothing rental sales are expected to grow 11 per cent CAGR between 2021 and 2031.
Unspun is a robotics and digital apparel company based in Hong Kong and San Francisco that builds custom jeans for each consumer on demand. That said though, we get pulled into Europe a lot, given how progressive and conscious the consumers are,” noted Lam. Lam acknowledges that ‘actual sustainable fashion is a very lofty bar’.
The reasons for the attrition have been well documented: the rise of global fastfashion retailers (exemplified by Japan’s own Fast Retailing), casualisation, greater budget-consciousness, the shift to e-commerce, the ageing of the traditional department store customer base, and the redevelopment of railway stations connected to department stores.
The next retailer that looks to be in trouble is fast-fashion titan H&M. As a result, H&M shuttered more than 20 physical locations last year. Shifting consumer preferences among younger Chinese shoppers indicate a stronger appetite for domestic brands.
Despite its fantastic location just 10 minutes from the Pacific Ocean front and Santa Monica Pier, Macerich still has a job on its hands: the Bloomingdales two levels accounted for another approximately 9300sqm that remains to be filled. Are we expecting too much of experiential retail?
It’s now seven years on and we’ve just moved to a new location in south-west London and have a team of 22 employees. Every item comes through our warehouse and is examined, photographed, and sold by us which means consumers are getting quality vintage products from a trustworthy retailer. What does sustainability mean to True Vintage?
Here are some valuable insights and practical steps on how to enhance your retail assortment, ensuring it resonates with evolving consumer trends and stands out in a competitive marketplace. The retail landscape is constantly changing due to evolving consumer behavior, technological advancements, and market dynamics.
While this has always been true, today, assortment planning is complicated further by three key influences: rapid shifts in consumer behavior, heightened competition from e-commerce giants, and ongoing supply chain disruptions. Assortment planning in retail is a careful balance between inventory and demand influenced by external factors.
Bodice founder Ruchika Sachdeva has designed the pared-back interiors of the womenswear brand's store in New Delhi to counter the "more, new and now" culture of fastfashion. Bodice 's flagship is located in New Delhi's affluent Vasant Kunj neighbourhood, occupying a building on the same site as the brand's design studio.
The Australian brand has been steadily capturing the hearts of consumers down under over the past 20 years, with a thriving online presence and six bricks-and-mortar stores. What inspired the bricks-and-mortar expansion into the US market and why was New York chosen as the first US location? What have been some of the highlights?
Australian omnichannel direct-to-consumer retailer Institchu has been offering made-to-measure suits since it launched 10 years ago, but now it’s on a growth trajectory, with the launch of its software-as-a-service product, Taper, and entry into new product categories. People spend a bit more on the product and keep it for longer.
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