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Forever 21 to Close 200 Stores as it Considers Second Bankruptcy

Retail TouchPoints

The news follows rumblings last week that the retailer was struggling to maintain its sprawling brick-and-mortar presence amid increased competition in the fast fashion sector. While a bankruptcy filing isnt certain to happen, its goal would be to find a buyer for Forever 21s remaining U.S. stores, reports Bloomberg.

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Can smarter warehousing boost Australia’s fashion industry?

Inside Retail

Last year brought some challenges for the Australian fashion industry. High-profile brands like Dion Lee and Mosaic Brands closed their doors, and IMGs departure from Australian Fashion Week disrupted the sector. This fast-moving cycle pressures brands to accelerate production and delivery.

Fashion 237
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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. This stand-alone app will be expected to compete with other fashion retailers like Walmart-owned Myntra.

Returns 130
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The Trade War that Restructures What Sells and Why

Retail TouchPoints

Fast Fashion Faces the Biggest Challenge The world has long known the detrimental effects that ultra-cheap fast fashion brands have on the environment. If prices rise, even marginally, and begin to approach those of their better-quality alternatives, fast fashion loses its appeal.

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How Temu and Shein drive up Black Friday marketing costs for US retailers

Inside Retail

“By definition, when you increase the cost per click, the return on your marketing investment decreases. “We are seeing a fundamental shift in search marketing dynamics and the fast fashion brands are now outbidding the traditional retailers, and it does look like their strategies are a lot more aggressive,” she said. .

Marketing 130
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Goodwill Industries: The Secret ‘Conduit’ for Textile Innovation and Circular Commerce

Retail TouchPoints

Key Goal: Extending the Product Lifecycle Goodwills operations allow it to take in and manage returns but also to identify items that can easily be resold. One Canadian retailer has Goodwill accept returns on its behalf, with customers then getting a voucher to shop for a new product with the retailer.

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In The Style rescued from administration

Retail Gazette

UK-based fast fashion retailer In The Style is understood to have been bought out of administration. Accounting firm FTS Recovery was taken on as administrator of the struggling fashion brand on 10 March. However, the fashion retailer has struggled in recent years.