Fast-fashion retailer Shein has posted a quarterly loss after higher US import tariffs and weaker demand affected its business, as the company prepares for a stock market listing in Hong Kong. The Singapore-headquartered retailer, which was founded in China, reported a net loss of $99 million for the first quarter, compared with a $395 million…
French authorities have begun steps to suspend online retail giant Shein’s platform in the country, following an investigation into the sale of childlike sex dolls on its site. The announcement came just over an hour after Shein opened its first-ever physical store inside the BHV Marais department store in Paris, an event marked by long…
Fast-fashion giant Shein has announced plans to open its first permanent physical outlets, selecting France as the launchpad for the move. The retailer, best known for its low-cost, trend-driven clothing, will begin with concessions inside Paris department stores before expanding to five other cities – Dijon, Reims, Grenoble, Angers and Limoges. The outlets are being…
Chinese fast-fashion giant Shein recorded a sharp rise in UK sales in 2024, with revenues climbing by a third to reach just over £2 billion, newly filed accounts reveal. The retailer’s pre-tax profit also jumped 57% year-on-year, rising to £38.3 million from £24.4 million in 2023. But Shein cautioned that ongoing inflationary pressures and the…
The ongoing legal feud between fast-fashion giants Shein and Temu has escalated, as Shein has filed a fresh lawsuit against its rival, accusing the China-founded shopping platform of copyright infringement, design theft, and deceptive practices. Filed in a Washington federal court this week, Shein’s latest complaint alleges that Temu, which has rapidly gained popularity in…
Chinese fast-fashion giant Shein is facing a lawsuit filed by three graphic designers who accuse the company of “egregious” copyright infringement and racketeering. The lawsuit was filed in a California federal court on Tuesday, claiming that Shein produced and sold exact copies of the designers’ work. The plaintiffs argue that Shein relies on “secretive algorithms”…
