article thumbnail

Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

PYMNTS

The filing will let it continue operating while it attempts to reorganize the business and return to profitability. is expected to reach $64 billion by 2028, per GlobalData. The mall operator also noted it has signed on over 2,000 designers and has about 300,000 products. Forever 21 plans to close up to 178 stores in the U.S.

Retail 109
article thumbnail

Fashion Forward: How Tech Is Targeting Waste & Pollution In The $2.4T Fashion Industry

CB Insights

Even luxury brands are contributing to this problem. In this report, we examine how fashion brands are leveraging technology to make clothing production and consumption more sustainable, from the use of plant-based textiles and bacteria-based dyes to leveraging a blockchain-based supply chain to increase transparency.