Global think tank tracks and analyzes U.S. retail news, says Managing Director Deborah Weinswig May 09, 2017NEW YORK (May 8, 2017) – The month of May thus far offers a mix of positive and negative retail news, as 2017’s announced store closings are nearly twice that of the same period last year, while announced openings […]
Join Deborah Weinswig, Managing Director of Fung Global Retail & Technology, and leaders from the worlds of fashion, technology and finance at the latest edition of Fung Global Retail & Technology’s “Breakfast with the Disruptors” Series, Featuring Fashion Tech Companies, sponsored by Avery Dennison, a global leader in creative, sustainable and intelligent labeling solutions for the retail apparel market.
April 13, 2017The BHS closure has boosted supermarket brands such as Asda’s GeorgePrimark and Asda’s George lead the £10 billion sector; Internet pure plays are growing very rapidlyUltra-fast-fashion offerings from e-commerce players have injected new vigor into the value marketLondon (April, 2017)—A resurgence in apparel sales at grocery stores and a boom in revenues at […]
The retail industry is already undergoing cataclysmic changes, with about 3,300 store closings announced so far this year, according to Fung Global Retail & Technology, a retail think tank.
Zara, once a fast-fashion pioneer that brought new styles to its shelves quickly, has been knocked off its perch by online brands that are able to design a product and have it ready for sale in as little as a week, according to a new research report by Fung Global Retail & Technology.
So far in May, announced store closings are nearly twice that of this time last year, while announced openings are up 20%, according to new data from global think tank Fun Global Retail & Technology. Overall, closings have been announced for 3,296 stores this year, up a disturbing 97% year-over-year. Most of the shuttered stores have come from the department and specialty store categories.