Global Fast Fashion Is Flopping In China: Old Navy, Bershka, Pull & Bear, Stradivarius, C&A, and Forever 21 have pulled back on the market with Gap possibly to follow soon.

SHANGHAI The luxury sector may be booming in China with the likes of Dior, Chanel, and Louis Vuitton reporting a surge in sales, but at the opposite end of the spectrum for fast fashion, the country is filling up an entire graveyard of brands. PHOTO (COLOR): Vero Moda, part of Bestseller Group, has expanded widely in China where this brand for young females has around 2,000 stores PHOTO (COLOR): A Gap store in Ch. [Extracted from the article]