Shein’s tariff-busting shift hits home in Chinese factory hub

By Reuters Published April 16, 2025 The rapid rise of ultra-fast fashion retailer Shein has been so key to the fortunes of a group of urban villages on the outskirts of China’s southern metropolis of Guangzhou that they have been colloquially dubbed “Shein villages”. Reuters Shein was able to become a behemoth selling over $30 […]

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Shein, Temu to hike prices under pressure from Trump’s trade policies

By Reuters Published April 16, 2025 Chinese online marketplace Temu and fast-fashion retailer Shein will raise prices on their products next week as President Trump’s crackdown on low-value imports and sweeping tariffs increase expenses for the companies known for their low-priced offerings. Reuters In letters to customers this week that mirror each other, both firms […]

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Moncler’s first-quarter revenue beats expectations as Asian demand holds up

By Reuters Published April 16, 2025 Italian luxury outerwear group Moncler on Wednesday reported a stronger than expected 1% increase in revenue in the first quarter thanks mostly to direct-to-consumer sales and Asian demand. Moncler Revenues for the three months to the end of March totalled 829 million euros ($944 million), ahead of a company-provided […]

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Shein reportedly reevaluates Reliance deal amid global trade tensions

Fast fashion retailer Shein is reportedly reassessing the scope of its sourcing partnership with Reliance Retail Ventures Limited. As trade tensions rise globally amid new US import tariffs, Shein may increase its focus on domestic manufacturing in China.  Shein is known for its trend driven fast fashion – Shein- Facebook Shein may revaluate the Reliance […]

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Forever 21 creditors face large losses under bankruptcy plan

By Reuters Published April 16, 2025 Suppliers, vendors and other unsecured creditors of Forever 21 are “getting smoked” under a restructuring plan that envisions paltry recoveries on debts owed by the bankrupt fast fashion retailer, a lawyer for the company’s unsecured creditors said on Tuesday. Forever 21 At a virtual hearing before a Delaware-based U.S. […]

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Trump makes good on threat of far-reaching tariffs; fashion and retail industries react

Liberation or decimation? While the 47th President of the United States is often seen as mercurial in his decision-making and penchant for threats, Donald Trump made good on a promise to impose further tariffs, this time mainly reciprocal to U.S. trade partners. In the first 48 hours of the announcement, stocks plummeted, and affected countries, […]

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Temu-owner PDD Holdings’ revenues hit by intense China competition and challenges abroad

By Reuters Published March 20, 2025 PDD Holdings, which operates e-commerce platforms Pinduoduo and Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in China despite deep discounts and government stimulus to boost spending. Shutterstock While government stimulus measures and deep price cuts from retailers have drawn some shoppers, PDD’s sales report indicates […]

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New H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers

By Reuters API Published Jan 31, 2024 The new boss of H&M faces a thorny dilemma: increase prices and lose more ground to budget online fast-fashion rival Shein, or cut prices and risk profit margins falling short of target. Daniel Ervér, 42, took the reins at H&M on Wednesday after Helena Helmersson quit in a […]

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H&M CEO quits as sales keep sliding, shares drop

By Reuters API Published Jan 31, 2024 H&M‘s CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost sales and profitability. Shares in the Swedish fashion retailer dropped 8% as outgoing CEO Helena Helmersson said she had decided to leave the company after […]

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H&M profit target in spotlight as cost-cutting gathers pace

By Reuters API Published Jan 31, 2024 Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from fast-fashion rivals such as Zara, whose sales are rising, and China-founded Shein, set to go public this year. H&M H&M, which sold more than $22 […]

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