Apparel and footwear retailers seeking digital business transformation and innovation must embrace the aftermath of COVID-19 as an opportunity to affect major changes in operating models and business processes that are long overdue. The apparel industry was struggling before COVID-19 to restructure their operating models and are now facing an
Secondhand apparel sales are going to be more disruptive for specialty fashion retail than Amazon or the fast fashion players like Zara and H&M, according to Scott Galloway. Galloway, speaking via video link at the NewsMediaWorks’ Inform conference in Sydney today, warned specialty retail is about to endure the same
A demand from young consumers for fast, in vogue fashion is pressuring retailers to keep up, according to research by Accenture. The authors say that younger shoppers are spending more time searching for and buying new fashions online, and they want those products in their hands as soon as possible.