Daily LInks
1. The Rise and Fall of Fast Fashion Purveyor Forever 21: While its core demographic of teenagers were flocking to online shopping, Forever 21 and its founders have been near-constant lawsuits for everything from labor department violations to copyright infringement. – Read More on Thinknum
2. Fashion industry’s ageism could cost it £11 billion in next 20 years: Older people increased their spending on clothes and shoes by 21% – or £2.9 billion – between 2011 and 2018, according to the analysis. By 2040, people aged 50 and over are expected to be this sector’s key consumer base. But … many women older than 75 stop spending on fashion altogether due to fashion and beauty industry’s institutional ageism. – Read More on the Guardian
3. How Walmart Can Win in Fashion: Walmart has responded to Amazon’s foray into fashion by way of an overwhelming amount of fashion brands – 600 was a recent count – and, in addition, has about 150 premium brands that are available through its Lord & Taylor association. – Read More on Forbes
4. How department stores lost their clout in the beauty industry to Ulta, e-commerce and influencers: Ulta’s appeal has been helped by its celebrity brands, such as an exclusive in-store distribution deal for the Kylie Cosmetics line last November and its relationship with YouTube star James Charles. These relationships help drive traffic to the store. – Read More on CNBC
5. Chanel and champagne: How luxury goods stores are trying to lure shoppers from the internet. Brands and retailers are using new services – from Rent the Runway offerings to luxury resale options – as well as food and alcohol to lure back customers who were once exclusively theirs. – Read More on USA Today
