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“Driven by innovation, inspired by community and grounded in authenticity, Fabletics embodies what today’s consumers value most in brands,” said Adam Goldenberg, co-CEO and co-founder TechStyle Fashion Group, which also owns ShoeDazzle and JustFab. “Fabletics has succeeded beyond our expectations under Kate’s vision and our new team members, and I’m confident Fabletics will continue on its incredible growth trajectory.” Get all the latest industry news in your inbox. Century 21 has become the latest retailer to try on a smaller-sized concept.

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Moreover, adoption of Alibaba’s AI technology will aid top-line growth. Alibaba’s strong efforts toward innovation of retail strategies will continue to aid its position in the retail world of fashion, particularly in China. Per the latest data from Statista, the fashion retail market in China is anticipated to generate $246.9 billion in 2018. Further, it is projected to grow at a CAGR of 13% between 2018 and 2022 and to reach $402.6 billion by 2022. The apparel segment remains a key catalyst. We believe Alibaba is well poised to reap benefits

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