Exclusive [mind Retail Exclusive] After the restaurant industry, Passcloud expands an e-marketing wallet with Etam, Viveh and Ni Cosmetic Americas Europe Passcloud, a French-American start-up specialising in digital wallet marketing, is diversifying towards fashion and beauty retailers, affiliate marketing agencies and travel retail. Co-Founder and C.E.O. Ludovic Chayrigues tells mind Retail about new customers and the outlook for retail tech.
Menswear brand Snitch raises US$40 million to expand in Asia and the Middle East Asia In India, men’s label Snitch (2024 sales: US$29.4 million, up 128% in a year,…
EU adopts environmental labelling for B2B, France pushes for a consumer-facing version Europe While Brussels has just approved the methodological framework for eco-score in the fashion industry, France is taking the lead with a more ambitious version directly aimed at consumers. Already in use at Des Petits Hauts fashion brand, it will be voluntary.
In a booming second-hand market, 2nd Street continues Asian expansion Asia Japanese second-hand specialist 2nd Street continues to expand, opening a first store in Singapore at the end of April in the 313@Somerset centre (26,800 sq.m of net leasable area).…
U.S.A.: Forever 21 files for bankruptcy, with debts of US$1.58 billion Americas On March 17, 2025, Forever 21 (2021 turnover US$2 billion, last available financial data) filed for bankruptcy in a Delaware court. This includes 354 stores in the USA,…
In Germany, C&A closes the only European manufacturing site Europe The Dutch fashion brand C&A (13,000 stores in 17 countries) closed the 4,200 sq.m production plant in Mönchengladbach,…
With Faume, Soeur launches into second-hand goods via an omnichannel approach Europe On February 26, 2025, the French fashion brand Soeur (turnover of €65 million in 2024, up by 30% in a year via 54 points of sale in Europe) rolled out a second-hand platform “…
USA: Quiksilver, Roxy and Volcom operator shuts down 122 Stores Americas On February 7, Liberated Brands (2022 revenue : US$422 million, up by 21%, with no new figures since) began closing 122 stores across the U.S.A.…
H&M saved margin in 2024 but remains in decline in America and Asia Asia On January 30, the Swedish company H&M reported sales of US$22.32 billion in 2024 (fiscal year to the end of November 2024), down 0.7%.…
Shein returns to India with Reliance Retail Asia Blocked since 2020 in India, Shein is back to compete with Myntra (Flipkart) and Zudio (Tata). The group signed a licensing agreement with Reliance Retail Ventures (RRVL),…
