retailers-industry

Shein, Temu and other e-commerce retailers are upending global air cargo industry

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The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid delivery times, industry sources say. Shein, PDD Group’s Temu and ByteDance’s TikTok Shop, which recently launched online shopping in the U.S., ship the majority … Read more

SmileDirectClub shuts down months after filing for bankruptcy protection

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SmileDirectClub is shutting down just months after the struggling teeth-straightening company filed for bankruptcy protection. In a Friday announcement, the U.S.-based company that was operating in multiple countries, including Canada, said it had made an “incredibly difficult decision to wind down its global operations, effective immediately.” That leaves existing customers in limbo. SmileDirectClub’s aligner treatment through … Read more