Chinese-founded fast-fashion giant Shein saw profits plunge over 70 per cent in the first half of 2024 due to fierce competition from rivals such as PDD Holdings’ Temu, according to a report by The Information. Revenue growth of the Singapore-registered company slowed to 23 per cent during the period, down from 40 per cent for … Read more
The job cuts by online fast-fashion retailer Shein at its Singapore headquarters reflect how the Chinese-founded company is grappling with a series of challenges in the cross-border e-commerce business. Shein has laid off 17 employees as a result of restructuring of its global information technology research and development centre, the company said on Thursday. It … Read more
JD.com is launching five-day international shipments for customers in the US, Japan and Singapore, as the Chinese e-commerce giant fights against rivals like Alibaba Group Holding, Shein and Temu for a bigger slice of the overseas online shopping market. Customers in those countries, who order from branded shops run directly by JD.com on its platforms, … Read more
Hidden in the town of Nancun in Guangzhou’s Panyu district, a labyrinth of residential buildings and small factory compounds, is Shein’s sourcing centre. At the nearby Dexing Industrial Park, walls and walkways are covered in recruitment ads for workers, who are needed to fill the flood of orders coming from Shein. One factory looking for … Read more
The scale of the pile may be shocking, but the director of Redress’ circular fashion programme, Aurianne Ricquier, says it represents just a fraction of the volume of waste textiles thrown away in Hong Kong every day. Volunteers taking part in a three-day “Sort-A-Thon” organised by Redress. Photo: Jonathan Wong “In 2022, an average of … Read more
Christina Amoruso is an American entrepreneur, author and the former CEO of online fashion retailer NastyGal, named one of the wealthiest self-made women in the world by Forbes in 2016.Amoruso founded NastyGal in 2006, which has since been listed as one of the “fastest-growing companies.” A little over ten years later, in 2017, the former … Read more
In recent years, there has been an influx of online fast-fashion retailers, including Shein and Temu. According to more than 10 fast-fashion industry sources, the polluting e-commerce brands have upended the global air cargo industry, increasingly using limited air cargo space to attract more consumers with rapid transit and delivery times. An investigation, which sourced … Read more
The CEO of In The Style, an online fashion retailer that generated £57.3 million in revenue in the 12 months to the end of March 2022, Adam Frisby, has stepped down. Frisby founded the company 10 years ago in his bedroom, at just 25 years old, after he earned a small profit from re-selling dresses … Read more
Zara, a fashion giant that generates an average revenue of €19.5 billion each year, sparked outrage after it launched its new ad campaign. The campaign, which was dubbed ‘The Jacket’ by Zara, depicted images that featured model Kristen McMenamy who posed with mannequins wrapped in white plastic. The advertisement was shot by Photographer Tim Walker … Read more
