EU Cracks Down on Shein: Consumer Protection Probe Underway The fast-fashion industry has been under scrutiny for its practices, and Shein, a popular online retailer known for its trendy and affordable clothing, is the latest to come under the radar of the European Union. The EU has issued a warning to Shein, giving the company […]
Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports
Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports The global retail landscape is constantly shifting, with companies adapting to the ever-changing environment in novel ways. One such company making strategic moves is Shein, the fast-fashion e-tailer that has taken the fashion world by storm. In a bid to mitigate the […]
Shein Lowers Prices to Lure Back US Shoppers After Tariff Cut
Shein Slashes Prices to Win Back US Shoppers Post Tariff Reduction Shein, the Chinese fast-fashion giant, has taken a strategic step to win back its US customers by lowering its retail prices. This decision comes on the heels of a temporary reduction in US tariffs on Chinese imports, allowing Shein to pass on the cost […]
Is This the End of Cheap Stuff in America?
Is This the End of Cheap Stuff in America? In a world where fast fashion has dominated the retail landscape for years, the recent plummet in US sales of popular brands like Shein and Temu has sparked a debate about the future of cheap goods in America. While some may view this shift as a […]
Next Shares Hit Record as UK Customers Splurge Ahead of Summer
Next Shares Hit Record as UK Customers Splurge Ahead of Summer The British fast-fashion giant, Next, is making headlines once again as its shares soar to record highs. The company recently announced a substantial increase in its outlook for the year, now reaching an impressive $1.4 billion. This news comes as UK customers are gearing […]
Temu, Shein See US Sales Drop in Week After Tariff Price Hikes
Temu and Shein Experience Decline in US Sales Following Tariff Price Increases Fashion retail giants Temu and Shein have recently faced a significant setback in the US market. According to the latest reports, Shein witnessed a notable 23 percent decline in US sales, while Temu experienced a 17 percent drop during the week spanning from […]
Shein’s London IPO Stalled Amid US Tariff Fallout
Shein’s London IPO Stalled Amid US Tariff Fallout Shein, the fast-fashion giant known for its trendy and affordable clothing, has hit a roadblock in its plans to go public. Progress on the company’s initial public offering (IPO) for a listing in London has come to a halt, according to a report by Bloomberg. The reason […]
Primark Committed to US Expansion Despite Tariff Uncertainty, Says Boss
Primark’s Bold Move: 60 US Stores by 2026 Amid Tariff Uncertainty In the realm of fast-fashion retail, Primark has solidified its position as a key player, known for its trendy yet affordable clothing options. Despite the looming uncertainty of tariffs and trade tensions, George Weston, the chief executive of AB Foods – Primark’s parent company […]
Textile Recycler Eeden Raises €18 Million
Textile Recycler Eeden Raises €18 Million German startup Eeden has recently made headlines by securing an impressive €18 million in funding. This financial boost is set to propel the company towards its ambitious goal of revolutionizing the textile recycling industry. Eeden’s mission? To tackle the challenge of recycling clothes made of polyester and cotton blends, […]
Will the End of De Minimis Kill the Shein Haul?
The Impact of the End of De Minimis on Shein Hauls The recent announcement of the closure of the de minimis loophole in the United States has sent shockwaves through the fast-fashion industry. With giants like Shein and Temu already implementing price increases as a result, many are left wondering: will this mark the end […]