In the troubled apparel space, off-price retailers, led by TJ Maxx parent TJX Cos., have been picking up share. Another segment of the market could be poised to challenge for a larger piece of the market: secondhand clothing resellers.
Walmart agreed to acquire online apparel brand Bonobos for $310 million, adding to a list of digital acquisitions of companies that don’t necessarily align with the retail giant’s core customer base.
Inventory is a high-stakes game in the retail industry, especially for the fashion sector, with $200 billion or more in lost sales due to overstock or out-of-stock product, by some estimates. Inventory marketplace Inturn sees that as an opportunity.
Six countries will account for roughly two-thirds of total world growth in apparel sales through 2019, and a handful of key cities will make up a significant portion. In China, six cities are expected to capture nearly one-fifth of the country's apparel sales growth through 2019.
Express joined the cavalcade of apparel retailers posting sales declines, reporting that sales slid 7% for the fiscal first quarter ended April 29.
Amidst a sea of declines among US women’s clothing retailers, J Jill is posting strong gains, and is confident that it will continue to do so.
TJX still sees room to open more T.J. Maxx and Marshalls stores in the US, lifting the total to as many as 3,000 compared with 2,230 at the end of fiscal Q1.
Six years after entering Canada, Express is quitting the market, citing the country’s challenging retail environment.
As the fashion industry faces ever more store closings and bankruptcies and struggles with consumers shifting their spending to experiences and services, there’s at least one bright spot on the market: plus sizes. Sales are on the rise, retailers are stepping in with their own lines, and ecommerce players are stepping up.
Guido Campello, CEO and creative director of Cosabella, and Courtney Connell, the lingerie brand's marketing director, discuss how artificial intelligence has transformed their business operations.