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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. In the 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. The company estimates the fast fashion segment to reach $50 billion by FY31.

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

Retail TouchPoints

She noted that while reverse logistics in particular is very complex, Goodwill has developed and perfected the infrastructure to help manage that, while offering alternative paths to circularity. 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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Vestiaire Collective’s fast-fashion ban: clever or counterproductive?

Inside Retail

Last November, international fashion resale platform Vestiare Collective shocked the apparel industry by banning the trade of ‘fast-fashion’ labels. Wone, who joined Vestiaire Collective in March 2020, said the ban underlines Vestiaire Collective’s founding mission – to drive collective change towards a circular fashion economy.

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As spending dips, can fashion rentals help Asos return to profit?

Inside Retail

Jose Antonio Ramos Calamonte, Asos’ CEO, has said he is confident the company will be able to return to sustainable profit and cash generation in the second half of this year and beyond. The post As spending dips, can fashion rentals help Asos return to profit? appeared first on Inside Retail.

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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.