Shein news and archive

Amazon prepares to go head to head with Shein ahead of its IPO

Amazon.com, Inc. is set to reduce fees for merchants selling apparel priced less than 20 US dollars as it prepares for a price war with Chinese fast-fashion giant Shein. Earlier this week Amazon announced plans to cut merchant fees on apparel-related products priced under 15 US dollars to 5 percent from January 2024. Fees on apparel priced...

BusinessFeatured

Shein reportedly files low-profile IPO in US

Chinese e-commerce giant Shein has reportedly filed for a confidential initial public offering (IPO) in the US, as it looks to test investor interest in the region. It is understood that the retailer is working with Goldman Sachs, JPMorgan Chase and Morgan Stanley, each appointed as lead underwriters, according to sources. Further speculation...

RetailFeatured

Shein will soon be bigger than H&M and Zara

Chinese fast fashion giant Shein is poised to surpass both H&M and Zara in revenue this year, with the retailer reporting 23 billion dollars in earnings for 2022, as per data from the Wall Street Journal. The substantial growth in sales anticipated for 2023 further solidifies this position. In the initial three quarters alone, Shein's revenue...

Business

Shein eyes UK expansion, plans new Manchester office

Chinese fast fashion giant Shein is taking steps to expand in the UK as it reportedly plans a new office in Manchester. The company is understood to have begun its hiring process at the new location, according to The Mail on Sunday, where an initial team of 15 employees will be situated. It was further reported by the media outlet that roles at...

Business

French watchdog opens investigation into Shein

On 14 November, the French Ministry of the Economy announced the opening of a procedure concerning the activities of Shein, a multinational clothing company of Chinese origin. The action is aimed at examining compliance with international rules and French laws, and follows a referral from the Socialist and Related Members of Parliament on 20...

Business

Shein reportedly among Topshop bidders

Chinese fashion giant Shein is understood to have formally entered the race to potentially takeover Topshop just one week on from its acquisition of fast fashion rival Missguided. Speculation surrounding Asos’ offloading of Topshop had begun circulating towards the end of October, with a report by Sky News alleging that such a move would...

BusinessFeatured

Shein acquires Missguided brand from Frasers

Frasers Group has announced divestment of the IP of Missguided to Chinese clothing giant Shein. Under the terms of the transaction, Frasers said in a statement, Shein will acquire the IP and trademarks of Missguided, while the group will retain Missguided's real estate and employees which have now been integrated into Frasers' fashion division....

Fashion |In Pictures

Shein launching 'curve' collection with Dress For Success

Fashion e-tailer Shein is launching a capsule ‘curve’ collection in partnership with Dress for Success Greater London charity as part of its ongoing commitment to empower women in the workplace. The 23-piece ‘curve’ collection has been curated by Hello! Fashion Monthly editor Jill Wanless and features dresses, blazers, jumpsuits, tailored...

BusinessFeatured

Ex-SoftBank executive Marcelo Claure named Shein's group vice chairman

Online fashion marketplace Shein has appointed Marcelo Claure, a current investor in the company, as group vice chairman. In this new role, the company said in a release, Claure will help accelerate strategic growth initiatives across all global markets where Shein has customers. Commenting on the new appointment, Donald Tang, executive chairman...

Business

Shein unveils designer collections under EvoluShein incubator programme

Fast fashion giant Shein has unveiled the collections of designers from its Shein x Designer Incubator Programme under the EvoluShein by Design initiative. According to the company, the project aims to accelerate the use of “preferred materials and scaling responsible manufacturing processes”. Six US-based participating designers – Alexandria...

Fashion

Shein hosts live fashion show for AW23 collection

Fast fashion giant Shein took to a new format over the weekend to present its latest autumn/winter 2023 collection, opting to unveil nine of the pieces via a livestreamed runway show on social media. Dubbed ‘Shein Live: Front Row’, the shoppable livestream lasted three hours and was co-hosted by actress and influencer Taela Dunn and Shein host...

Business

Shein's UK subsidiary surpasses 1 billion pounds in sales

The UK subsidiary of China-based fashion giant Shein Group generated sales of over 1 billion pounds in the 16 months from September 6 2021 to December 31 2022 as the company continued its international expansion. The UK division made sales of 1.12 billion pounds and a profit of 9.8 million pounds in the period, according to filings at Companies...