Retail TouchPoints

AUGUST 3, 2021

It has been a year since the pandemic rocked a fashion industry that was already feeling the pressure of trying to keep pace with consumer shifts toward digital, ethical sourcing and eco-friendly products. Here are some of the overarching themes of the changing consumer sentiment that will shape the fashion industry’s journey ahead.

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Retail TouchPoints

OCTOBER 17, 2022

This pilot version is part of SHEIN’s larger commitment to address the ongoing issues of textile waste and build a more circular fashion industry. SHEIN also has become a signatory of World Circular Textiles Day, a coalition of organizations with a mission to shift the fashion and textiles industry toward full circularity by 2050. “At

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Retail TouchPoints

JUNE 6, 2022

UK-based Frasers Group , parent company of Sports Direct , House of Fraser and Flannels , has reportedly acquired digital fashion retailer Missguided for $25.1 The fast fashion company first fell into financial difficulties in fall 2021 but was saved when private equity firm Alteri stepped in to buy a controlling stake.

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Retail TouchPoints

MAY 4, 2022

is now withholding fashion goods in customs unless the importer can prove that they do not contain cotton from the Xinxiang region of China. With the International Consumer Protection and Enforcement Network (ICPEN) finding that 40% of environmental claims made by fashion brands could be misleading, there is ample room for improvement.

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365 Retail

APRIL 25, 2023

It’s no secret that the retail industry has long been criticised for the toll it has taken on the planet – from production processes to consumption behaviors, and everything in between,” said Karla Martin, Global Fashion & Luxury Leader, Deloitte DTTL. But doing what’s required may not be the same as doing what’s right.

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Retail TouchPoints

MAY 26, 2021

Fast fashion retailer Windsor Fashions is planning to open 150 new stores over the next two years, adding to its current fleet of 230 locations across 42 states in the U.S. The velocity of our business has increased substantially since the first of the year,” said Leon Zekaria, CEO of Windsor in a statement.

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RetailDive

NOVEMBER 28, 2023

The fast-fashion giant had reportedly been eyeing the move all year, while it has faced scrutiny from U.S. lawmakers over its supply chain practices.

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RetailDive

AUGUST 11, 2023

Fashion Industry Association study. Nearly 80% are scaling back, and a record 15% aim to “strongly decrease” their reliance on the country, according to a U.S.

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Fabric

MARCH 14, 2023

Welcome to The Modern Retailer’s Guide To Dropshipping Fashion and Apparel. In Part 1 of this two-part series, we’ll cover the basics of dropshipping and explore the reasons why every fashion retailer should consider switching from a traditional retail model to an asset-light dropship model. Let’s dive in!

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Fabric

APRIL 11, 2023

Fashion and apparel storefronts always need fresh supplies of trendy clothes. With all these factors affecting the fashion industry, it’s no surprise that Deloitte finds that only one-third of retail executives are confident about maintaining or improving profit margins in the coming years. Drop-shipping will increase substantially.

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Retail TouchPoints

JANUARY 9, 2023

We take a balanced approach to merchandise receipts and remain committed to offering fashion and value across nameplates and channels, with the capacity to adjust in-season buys and chase into areas of strength. Macy’s will reportedly close four locations, in Fort Collins, Colo.; Gaitherbeurg, Md.;

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Retail TouchPoints

OCTOBER 28, 2020

Citing unnamed sources close to the negotiations, CNBC reported that the companies are in “indirect conversations” to settle, possibly for a lower purchase price. According to Business of Fashion , LVMH’s own move to acquire these regulatory approvals demonstrated that it was acting in good faith. The troubled $16.2

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Retail TouchPoints

DECEMBER 3, 2021

million bid to acquire his own fashion brand, Sean John , out of bankruptcy, according to Bloomberg. Hip-hop entrepreneur Sean “Diddy” Combs has reportedly placed a $3.3 The retailer is currently 90% owned by brand management firm GBG USA through a joint venture with Combs, who sold the majority stake in 2016. 15, 2021.

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Retail TouchPoints

NOVEMBER 16, 2020

For ecommerce retailers — particularly those in the fashion sector — this represents a massive opportunity to heighten sales, lower returns and offer customers a new way to shop online. The Problem With Fashion Etail. Fashion comprises the largest segment of ecommerce retail, with a market size of over $500 billion in 2019.

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365 Retail

NOVEMBER 27, 2023

Increasingly, individuals are turning away from fast fashion, opting for more eco-friendly choices and seeking additional sources of income. Yodel has reported a 162% rise in C2C parcel volumes and has made substantial investments in its OOH technology.

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RetailDive

JUNE 30, 2023

Reuters reported that the fast-fashion giant had quietly registered to become publicly traded on the New York Stock Exchange.

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Retail TouchPoints

MAY 17, 2022

secondhand market is projected to double in the next five years, reaching $82 billion by 2026, according to ThredUP ’s 10 th annual Resale Report , conducted in partnership with GlobalData. In this year’s report] three in four of the shoppers we spoke to self-identify as ‘thrifters’ — they actually use that word.

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Retail TouchPoints

MARCH 11, 2024

Krans, who will report to Chief Customer and Digital Officer Max Magni, joins Macy’s following his most recent role leading the fashion team at Walmart ’s media division, Walmart Connect. Macy’s, Inc. We’re excited to welcome Michael to Macy’s, Inc.,” said Magni in a statement. “He

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Retail TouchPoints

AUGUST 17, 2021

Like many other recent activewear brands the items are designed for use beyond workout activities, particularly as a day-to-day fashion option. The collection is the culmination of two years’ work and more than 70 iterations.

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RetailMinded

FEBRUARY 16, 2023

Almost half of fashion stores are stuck with excess stock after a disappointing start to 2023, according to a survey by Inventory Planner. And US fashion stores are sitting on an average of £74,000 worth of excess stock due to the downturn in consumer spending. It has little value and is costly to store.

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RTP blog

OCTOBER 2, 2019

Forever 21 , once one of the preeminent names in fast fashion, filed for Chapter 11 bankruptcy protection after months of reports and speculation. The struggles at Forever 21 spotlight a potential weakness in the fast fashion business model itself. In the wake of the Forever 21 bankruptcy, the RTP.

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Retail TouchPoints

APRIL 3, 2024

As part of the reorganization plan, PREIT has gone private and will no longer be reporting to the Securities and Exchange Commission. PREIT, which operates multiple malls and shopping centers in the eastern half of the U.S.,

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365 Retail

APRIL 26, 2024

The outlet reported over £20.8 This contributed to LDO’s status as a significant fashion and lifestyle outlet destination in the capital. The post London Designer Outlet Reports Record-Breaking First Quarter at Wembley Park appeared first on Retail News and Events. million in sales, a 5% increase from the previous year.

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Retail TouchPoints

FEBRUARY 9, 2024

Business of Fashion reports that Farfetch is considering providing “complete anonymity” to third-party retailers that sell on its marketplace in exchange for the sourcing of certain luxury brands as a workaround to decisions like Kering’s. Now NMG has announced that none of that will be happening.

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Retail TouchPoints

FEBRUARY 16, 2024

has partnered with the global brand management firm WHP Global — which owns the Toys ‘R’ Us and Babies ‘R’ Us brands as well as a stake in Express — to acquire the New York-based fashion brand Rag & Bone. The future of that deal is in doubt, however, as reports circulate that Express is considering bankruptcy. in a statement. “It

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Retail TouchPoints

MARCH 15, 2021

Childrenswear, fashion accessories and footwear will join the mix in the second half of 2021. Lord & Taylor has a deep retail history that spans 195 years and a tradition of innovation and countless fashion firsts,” Saadia told WWD. “We

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RTP blog

OCTOBER 12, 2018

By Geetanjali Sarna and Amit Prabhakar Gaitonde , Wipro Despite the growing use of technology in all facets of life, fashion retail has continued to play it safe when it comes to utilizing technology to further innovation and the customer experience.

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Omnisend

MARCH 29, 2021

If ever any industry fully embraced ecommerce, it’s fashion. According to Shopify’s Fashion Industry Report , the fashion industry will reach a whopping $713 billion by next year. That number is largely influenced by the industry’s domineering growth, as indicated by ecommerce fashion industry statistics from Statista.

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Retail TouchPoints

JUNE 15, 2022

The fast fashion retailer initially re-entered China for the third time in August 2021 through online platforms Vipshop and Pinduoduo. Forever 21 will expand its presence in China with a physical store slated to open later in June 2022, according to a WeChat post seen by Reuters.

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iVend

MARCH 9, 2022

Learn more This is nowhere more true than in the fashion sector – whilst the convenience of online has suited some, there are even more who have missed being able to see and touch the goods, try them on and have the whole physical experience and immediacy of brick and mortar shopping.

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Retail TouchPoints

NOVEMBER 28, 2023

Fast fashion juggernaut Shein has confidentially filed to go public, multiple sources report. The app first rose to prominence during the pandemic, as home-bound shoppers were drawn in by its vast range of value-priced, on-trend fashions. based Sparc Group , which owns fast fashion rival Forever 21. and the world.

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Retail TouchPoints

MAY 1, 2023

Case in point: while Adidas’ fashion sales declined last year , sportswear and equipment sales grew. WSJ reports. His playbook for a turnaround at Adidas will pull more than a few pages from the one he used at Puma as he looks “to restore the bond between Adidas and its customers,” WSJ reported separately. hub in Portland, Ore.,

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RTP blog

APRIL 1, 2019

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.

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Retail TouchPoints

FEBRUARY 16, 2023

British online fashion and beauty retailer ASOS has appointed its second interim CFO in four months as current interim CFO Katy Mecklenburgh plans to leave in May 2023 for another role. The company outlined its “Driving Change” transformation strategy in its October 2022 annual report.

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Retail TouchPoints

JUNE 4, 2020

The fashion retailer was struggling even before the COVID-19 crisis, which resulted in the cancellation of a planned Old Navy spinoff. Gap and its banners, including Banana Republic and Old Navy , operate 412 stores at Simon properties, making it one of the mall operator’s biggest in-line tenants in terms of rent.

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RetailMinded

FEBRUARY 17, 2021

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

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Retail TouchPoints

FEBRUARY 3, 2023

The Apparel Impact Institute (Aii) is calling for applications for the Climate Solutions Portfolio, a planned registry of proven carbon reduction solutions for the fashion industry. This will represent the first deployed capital from the Fashion Climate Fund, which includes Target , PVH Corp.

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