The fast-fashion retailer made it through the pandemic but struggled against cheap duty-free goods from China, as inflation ...
Forever 21 says it can't compete with e-commerce companies that send small packages without paying tariffs via the "de ...
Temu has a comparatively stronger focus on sustainability as it collaborates with eco-friendly brands and offers products made from recycled or sustainable materials. When shopping online, especially ...
Fast fashion titan Shein has confirmed its plans to float on ... quarter as it faced growing competition from Chinese rival Temu. The rival company initially aimed for a 2024 IPO in New York ...
Shein and Temu's sales slowed in the weeks after President Donald Trump announced tariffs and said he'd close the de minimis loophole, February data from Earnest Analytics showed. Shein seemed to ...
The order throws a wrench in the business models of China-based retailers like Shein and Temu, which were previously exempt from any tariffs and customs inspections thanks to the de minimis loophole.
Between 20-30 percent of Temu's sales come from the United States, and Shein relies on the country for 30-40 percent of its revenue, e-commerce expert Laetitia Lamari told AFP.