November 01, 2024 Amazon turns to everyday essentials to compete with Temu and Shein Amazon has seen its market share erode in apparel as Shein and Temu quickly expanded in international markets, but offering a variety of everyday essentials like dish detergent and floss is helping. BY Reuters Amazon‘s push to offer more everyday essentials like … Continue reading Amazon turns to everyday essentials to compete with Temu and Shein
Tag Archives: Shein
Shein faces probe in Italy over alleged greenwashing
September 26, 2024 Shein faces probe in Italy over alleged greenwashing Under European Union anti-greenwashing regulations that came into force this year, companies are banned from making vague environmental claims about their products. BY Reuters Italy’s antitrust agency has launched an investigation into a Dublin-based company that operates Shein‘s website and app over possibly misleading environmental … Continue reading Shein faces probe in Italy over alleged greenwashing
Shein sues Temu over alleged copyright infringements
August 21, 2024 Shein sues Temu over alleged copyright infringement The allegations come as Shein itself is the target of lawsuits from brands and designers that have accused the company of stealing their designs and selling copycat items on its e-commerce site. BY Associated Press Online fast-fashion giant Shein has filed another lawsuit against competitor Temu, … Continue reading Shein sues Temu over alleged copyright infringements
Shein has a lot at stake under the EU’s copyright rule
June 21, 2024 Shein has a lot at stake under the EU’s copyright rule Shein, a China-founded e-commerce giant, is pushing toward a London IPO. BY Reuters Shein’s vast array of $5 shirts, $20 dresses and $15 shoes could face more trademark scrutiny under a new EU rule that tightens oversight on intellectual property rights. Shein, … Continue reading Shein has a lot at stake under the EU’s copyright rule
Shein hikes prices ahead of IPO
June 13, 2024 Shein hikes prices ahead of IPO Shein’s average price hikes exceeded those of its rivals H&M and Zara. BY Reuters Fast-fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its … Continue reading Shein hikes prices ahead of IPO
Shein IPO: Why the rumored London stock listing is as surprising as it is controversial
June 03, 2024 Shein IPO: Why the rumored London stock listing is as surprising as it is controversial The China-founded fast-fashion behemoth may pick an off-the-beaten path for its blockbuster market debut, but can it escape the scrutiny it has been resisting? BY Clint Rainey Fast-fashion retailer Shein is reportedly ready again to jumpstart the process … Continue reading Shein IPO: Why the rumored London stock listing is as surprising as it is controversial
Shein is shining so bright in Europe that regulators want to keep a closer eye on it
April 26, 2024 Shein is shining so bright in Europe that regulators want to keep a closer eye on it The fast-fashion retailer was just designated a Very Large Online Platform, or VLOP, which subjects it to stricter EU rules. Here’s what that means. BY Tracy Brown Hamilton A substantial European user base—surpassing 108 million monthly users—has put … Continue reading Shein is shining so bright in Europe that regulators want to keep a closer eye on it
Today’s top business headlines: Elon Musk’s AI venture, Shein IPO, and Meta’s Purple Llama announcement
By Rebecca Barker December 08, 2023 Meta: Facebook and Instagram’s parent company announced Purple Llama, a project that prioritizes safety tools and best practices amidst the AI renaissance and the risks coupled with it. Read: Announcing Purple Llama: Towards open trust and safety in the new world of generative AI Grok: The ever-controversial billionaire Elon … Continue reading Today’s top business headlines: Elon Musk’s AI venture, Shein IPO, and Meta’s Purple Llama announcement