Focus: Rise of fast-fashion Shein, Temu roils global air cargo industry
reuters.com
Focus: Rise of fast-fashion Shein, Temu roils global air cargo industry
Fast-fashion juggernaut Shein has gone from virtually unknown to rivalling the category’s biggest players in the space of a few years. Now, it’s reportedly raising funding at an astronomical valuation of $100 billion. If successful, that would make Shein worth as much as Zara and H&M combined.
One way Shein manages to... See more
instagram.comShein shows one way this can go - it’s built a smartphone-only fast fashion brand that appears to be bigger than H&M and Zara combined in the USA. Part of the Shein story is the pace of inventory and the use of data (it claims to add 8-10k new SKUs every single day) but the other is that it has built this business with cheap shipping and (like... See more
Benedict Evans • TV, merchant media and the unbundling of advertising — Benedict Evans
Rising prices and the chaos unleashed on the global fashion industry thanks to the US-China trade war could further harm sustainability initiatives in the fashion sector.
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instagram.com
The fast-fashion giant has quadrupled its revenue over the past three years, reaching $15.7 billion in sales, and is now looking for $1 billion in funding, and a $100 billion valuation
Shein reportedly adds over 1,000 new styles to its website every single day. Zara typically has 2,000 items over a 30-day period, for... See more
instagram.com