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Shein

H&M CEO quits as sales keep sliding, shares drop

by Lionel Rogers
H&M CEO quits as sales keep sliding, shares drop

By Reuters API Published Jan 31, 2024 H&M’s CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost …

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H&M profit target in spotlight as cost-cutting gathers pace

by Lionel Rogers
H&M profit target in spotlight as cost-cutting gathers pace

By Reuters API Published Jan 30, 2024 Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from …

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Boohoo cuts ties with UK supplier after claims of overtime work

by Lionel Rogers
Boohoo cuts ties with UK supplier after claims of overtime work

By Bloomberg Published Jan 26, 2024 Boohoo Group Plc said it has stopped working with a UK supplier after allegations that staff at the warehouse were forced to work overtime. …

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Shein backers look to sell shares at 30% discount, valuing it as low as US$45 billion amid dimming IPO prospects

by Anas Siddiqui
Shein backers look to sell shares at 30% discount, valuing it as low as US billion amid dimming IPO prospects

Shein investors are trying to sell shares in private market deals that value the online fashion giant at as low as US$45 billion, reflecting dwindling appetite for a company struggling …

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Fashion resale site Vestiaire Collective launches crowdfunding, eyes IPO in 2025

by Lionel Rogers
Fashion resale site Vestiaire Collective launches crowdfunding, eyes IPO in 2025

By Reuters API Published Jan 23, 2024 Second-hand fashion marketplace Vestiaire Collective launched a crowdfunding campaign on Tuesday to raise at least one million euros ($1.09 million) from individual investors …

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ByteDance executive leaves to start cross-border e-commerce venture after Shein, Temu success in US

by Anas Siddiqui
ByteDance executive leaves to start cross-border e-commerce venture after Shein, Temu success in US

A founding member of ByteDance’s flagship Douyin app, the Chinese version of TikTok, has left the tech giant to focus on his own start-up for cross-border e-commerce, as Chinese-backed peers …

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Uniqlo sues Shein, saying retailer copied popular shoulder bag

by Lionel Rogers
Uniqlo sues Shein, saying retailer copied popular shoulder bag

By Bloomberg Published Jan 16, 2024 Uniqlo, part of Fast Retailing Co., sued Shein in Japan, accusing the Chinese retailer of copying its popular Round Mini Shoulder bag. Uniqlo The …

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Shein expands 2024 Shein X Challenge worldwide

by David Johnson
Shein expands 2024 Shein X Challenge worldwide

Online fast-fashion retailer Shein announced on Monday the expansion of its Shein X Challenge to include participants from around the globe.  Shein expands 2024 Shein X Challenge worldwide. – Shein …

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Alibaba, TikTok woo US with AI and live-streaming e-commerce at CES trade show, setting the tone for 2024

by Walter Watson
Alibaba, TikTok woo US with AI and live-streaming e-commerce at CES trade show, setting the tone for 2024

“With advances in AI, we are ushering in the next generation of sourcing and empowering small businesses to succeed with our Smart Assistant at their side,” Chris Lu, general manager …

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Shein files with Chinese regulator for planned US float, according to sources

by Lionel Rogers
Shein files with Chinese regulator for planned US float, according to sources

By Reuters API Published Jan 12, 2024 Fashion company Shein is seeking Beijing’s nod to go public in the U.S. to comply with new listing rules for local firms, two …

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