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As Fast Fashion Races To Capture Award Season Trends, Brands Struggle To Keep Up

RTP blog

The digital fashion landscape has become a consumer’s dream of being able to see their favorite celebrity wearing something they want, only to go shopping a mere 24 hours later and find an almost exact replica. While H&M struggled with profits dropping 62% in 2017, Zara’s parent company Inditex reported a 7% increase the same year.

Fashion 150
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Despite Subscription Declines, Rent the Runway Plans to Go Public

Retail TouchPoints

The company estimated that since 2010, its rental model has displaced production of 1.3 Rent the Runway has proven that the fashion industry is inevitably ripe for that same disruption, pioneering the access model for retail.”. million new garments.

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How Retailers Can Prepare For The Fast Fashion Backlash

RetailMinded

Fast fashion, or clothing that is produced cheaply and en masse for disposable use, is on the decline. In 1989, the New York Times first used the words “fast fashion” to describe the strategy that Zara, a clothing retailer, used to bring designs to life in under 15 days. Behind the top that only costs $7.99

Fashion 113
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Famous Footwear Parent Caleres Outlines Executive Changes

Retail TouchPoints

Schmidt joined Caleres in 2009 as the company’s SVP and General Manager of Image Brands, becoming President of Contemporary Fashion in 2010. He was named President of the Brand Portfolio in 2016 before taking on the role of President in 2020.

Fashion 277
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ASOS Links Executive Pay to Sustainability Goals

Retail TouchPoints

British online fashion and beauty retailer ASOS has laid out a comprehensive plan to achieve a detailed set of Environmental, Social and Governance (ESG) goals by 2030, including becoming net zero across its full value chain. and Germany.

Fashion 255
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NRF Big Show to Spotlight Innovative Consumer Products and Workforce Solutions

Retail TouchPoints

Product categories include food and beverage, fashion, health and beauty, home and pets, office supplies, and cleaning and baby care. Taking place January 15-16 from 10 a.m. in the Level 1 Special Events Hall, the Showcase will feature nearly 60 exhibitors, 80% of which are minority-, women-, veteran-, disability- or LGBTQ+-owned.

Consumer 289
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Primark Expands Its Presence in Metrocentre with Significant Upsize

365 Retail

Sovereign Centros has revealed that Primark , the multinational fashion retailer, is set to significantly expand its footprint at the Metrocentre. Primark has been a key tenant of Metrocentre for nearly two decades, having first opened its doors nearly 20 years ago and moving to its current location in Exhibition Square in 2010.

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