By  on November 16, 2017

Is fast fashion — the sector said to be taking sales away from many retailers — the next retail channel to face a slowdown?

Rumblings have circulated in the markets in the past month that the fast-fashion sector is slowing down. When juniors’ chain Styles for Less Inc. filed its voluntary Chapter 11 petition last week seeking bankruptcy court protection, its chief financial officer August DeAngelo in a court document attributed the retailer’s difficulties in part to “shifts in consumer spending away from fast fashion and toward services and experiences.” Now Kurt Salmon, a part of Accenture Strategy, has weighed in with a study indicating that fast-fashion firms are facing strong pressures on growth amid an ongoing struggle with high inventories and slow sales. It also said the trend toward shifting to lower-cost production channels is not the right answer to counter margin pressures.

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