Shein news and archive

Shein doubles profits to two billion dollars

Chinese giant Shein has reportedly doubled its profits to two billion dollars, according to The Financial Times which cited sources close to the company. Shein itself has not yet responded to the media reports. Not only did profits rise significantly, sales also showed an increase. Turnover is said to have come to 45 billion dollars last year....

Fashion

Shein announces winner of Shein X Global design challenge

Chinese fast fashion brand Shein has announced the winner of its global design challenge. Eleonora Falcone beat out the nine finalists that were shortlisted by the jury last week. By winning this year’s contest, the Italian designer has joined the retailer’s Shein X Designer Incubator Programme and was able to take home 10,000 euros in prize...

Business

Shein in focus as France fights back against fast fashion

With jaw-droppingly low prices and a seemingly endless selection of trendy clothes, Shein has taken the world by storm -- and found itself in the crosshairs of French lawmakers who want to curb the excesses of fast fashion. Customers love the Chinese-founded firm's massive catalogue of ultra-cheap items, from 8 dollar sundresses to 48-cent...

Business

Jaded London item found to have Shein label according to TikTok user

A shopper on TikTok was left in disbelief after finding a label by controversial fast fashion platform Shein that appeared to have been sewn into her garment from Jaded London. In a video posted to the social media platform, Emma Silverman showed the lining of the supposed Jaded London top, in which both a tag from the brand and a tag from Shein...

Fashion

Shein announces finalists of Shein X Global Challenge 2024

Chinese ultra fast fashion retailer Shein has announced the ten finalists for the 2024 edition of its international fashion design competition, Shein X Global Challenge, for emerging designers. The winner will be announced later this week. The 2024 finalists hail from seven different countries, out of which three of the ten finalists are from...

Fashion

France is one step closer to taxing fast fashion

As the curtain closes on Paris Fashion Week, the French government advanced a step closer to imposing penalties on fast fashion producers. Proposed on Monday by parliament ministers, a new bill suggests fines of up to 10 euros or 50 percent of the selling price of garments for major players like Shein, aiming to counterbalance their...

Fashion |Opinion Featured

France's 5 euro fast fashion tax - A game changer for sustainable fashion?

In a pioneering move to counteract the detrimental effects of fast fashion, France has introduced a proposed levy of 5 euro on each fast fashion item sold. Spearheaded by French MP Antoine Vermorel Marques and backed by the Horizons Group, this tax proposal is a decisive statement against the environmental and social havoc wreaked by fast...

Business

Shein considers a London listing amid challenges for a US IPO

Fast fashion behemoth Shein is contemplating an initial public offering (IPO) in London after facing obstacles for a listing in New York. London, experiencing a dearth in listings post-Brexit and competition from other robust financial markets, has welcomed Shein's potential IPO as part of an initiative to bolster the city as a leading financial...

Business

Shein reportedly onboarding Boohoo suppliers amid expansion

Fast fashion giant Shein is reportedly poaching the suppliers of its direct rival Boohoo as part of an ongoing expansion plan. It is believed that towards the end of last year an invitation email was sent by the Chinese e-tailer to a selection of Boohoo suppliers, with a handful allegedly already in discussions with Shein’s Chinese headquarters....

Business

Shein faces more legal trouble, reportedly breaks own settlements

Fast fashion giant Shein is facing more legal trouble this week, as pressure over its alleged sales of cheap knock-offs continues to grow despite the company previously vowing to stop such processes. According to media reports, the Chinese retailer has been accused of breaching its own legal settlements as it reportedly continues to offer “...

Business

Shein and Temu ship more than one million packages per day in the U.S.

Chinese retail giants Shein and Temu are each shipping an estimated one million packages a day on average, according to data from ShipMatrix, a logistics consultancy firm. Research published in the Wall Street Journal (WSJ) show these volumes surpass those of well-known American retailers, marking a transformative shift in the industry. Their...

Fashion

Applications remain open for Shein X Challenge 2024

Looking back on the first month of 2024, fast fashion brand Shein opened applications for the fourth edition of its Shein X Challenge, which will now be open to designers from all over the world. Candidates can apply until February 15, 2024. Ultra-fast fashion, ultra-fast money? This year, the Shein X Challenge competition, initially exclusive...