The retail industry is rapidly evolving, and trends that wereonce mainstays have been dying out. This has manifested as majorstore closures in the last couple of years, and unfortunately, wearen't out of the dark yet. In 2019, expect fast fashion brandslike H&M and Forever 21 to start to show signs of trouble,according to Sean Slater of Retail DesignCollaborative. While Slater doesn't necessarily expectmajor store closures next year, he says that these brands are ontheir way out.
“Fast fashion or fast retail is dying. The numbers are spellingthat out. H&M and Zara are not doing nearly as well as theyhave been,” Slater, a principal at Retail Design Collective, tellsGlobeSt.com. “There are a lot of ethical issues with throw awayfashion. Online services that provide with customized clothingusing robotics and replicate your style is going to really hit fastfashion.”
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