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Shein, the ultra-fast fashion giant, considers becoming an online marketplace

The world’s most successful retailers, think Amazon, Alibaba and Farfetch, all have one thing in common. They operate a marketplace business. New reports that Chinese ultra-fast fashion giant Shein is considering a shift in strategy, in order to compete with the even bigger retail fish. The Wall Street Journal reported it saw a memo sent by...

Dec 13, 2022

Report

Shein appoints vice president of global brands operations

Fast fashion brand Shein has appointed Jessica Liu as its new vice president of global brands operations. Liu most recently worked at Southeast Asia e-commerce group Lazada, where she served as co-president between February 2020 and June 2021. Earlier in her career she spent seven years at Alibaba, most recently serving as general manager of...

Dec 6, 2022

BusinessFeatured

Shein pledges 15 million dollars to upgrade supply chain factories

Fast fashion e-tailer Shein has said it plans to spend 15 million dollars on upgrading the hundreds of factories in its supply chain over the next three to four years. In a release, the controversial retailer said the investment would focus on physical enhancements to suppliers’ factories as part of its Supplier Community Empower Programme...

Dec 5, 2022

BusinessFeatured

Shein overtakes Zara as most popular fashion brand of 2022

Fast fashion e-tailer Shein has topped a new ranking by money.co.uk as the most popular fashion brand in almost every country in the world. As a new entry to the list, the controversial contender overtook Zara for the top spot, according to data collected by the financial advisory firm over the course of the last 12 months. The research revealed...

Dec 2, 2022

Business

The Rolling Stones say they want Shein licensing deal ‘terminated’

The Rolling Stones have reportedly expressed their desire for a licensing deal with fast fashion e-commerce company Shein to be terminated. On Friday, the Chinese e-tailer unveiled the latest addition to its clothing collection “honouring the legendary rock band”. The range included a line of t-shirts and merchandise that celebrated the rock...

Nov 29, 2022

Fashion

Greenpeace study: Dangerous chemicals in Shein clothing violate EU regulations

Tough times for Chinese ultra fast fashion giant Shein - first it was plagued by accusations of plagiarism and then a British documentary found that workers in some Shein factories in China are paid the equivalent of only three cents per garment and have to work 18-hour shifts. Now it's about the clothes themselves - Greenpeace Germany tested...

Nov 28, 2022

Business

Shein’s resale provider Treet secures 3.5 million dollar funding

Resale tech company Treet has announced the closing of a 3.5 million dollar seed round led by First Round Capital, as it looks to grow its team and launch into new markets. It brings its total raised funding to 6.4 million dollars, which has been garnered across pre-seed and seed rounds. The new financing will support Treet’s further plans to...

Nov 3, 2022

Business

Shein launches peer-to-peer resale platform

Fast fashion retailer Shein has revealed a new resale destination that will allow customers to buy and sell previously owned Shein products. Dubbed ‘Shein Exchange’, the new platform’s creation comes as a response to a growing customer demand for resale, the company said in a release, with those expressing an interest also noting a need for the...

Oct 18, 2022

BusinessFeatured

New investigation finds Shein factory employees work 18-hour shifts

A new investigation into fast fashion brand Shein has found that its factory workers supplying its garments are paid as little as three pence, while working shifts of around 18 hours. A new documentary by Channel 4, ‘Untold: Inside the Shein Machine’, has revealed the conditions garment workers are facing in some of the Chinese factories that...

Oct 17, 2022

Business

Did Shein lose a third of its 100 billion dollar valuation?

Back in April, Shein, the enigma behemoth Chinese fast fashion retailer, was valued at 100 billion dollars. Bigger than Zara and H&M combined, it seemed the fashion giant, which had the most downloaded app in the U.S., surpassing Amazon, would continue to soar to new heights. Shein’s colossal value came after it raised 1.5 billion dollars in a...

Oct 7, 2022

Business

Shein announces plans to reduce emissions throughout company

Fast fashion retailer Shein has outlined a number of targets it is aiming to achieve throughout the company by 2030, including the commitment to reduce absolute GHG emissions across its entire value chain by 25 percent. In a release, the retailer said that embedding science-based targets into its decarbonisation efforts is its way of setting...

Sep 29, 2022

Retail

Shein to open London pop-up store

Fast fashion e-tailer Shein is continuing to cement its brick and mortar strategy with the opening of its latest pop-up experience, set to take place from September 16 to 18 in London. Located in the city’s West End, the space will house a curated collection of the Chinese retailer’s seasonal lines, including wardrobe staples and partywear. In a...

Sep 2, 2022