Tariffs imposed by the Trump administration will not eject fast-fashion juggernaut Shein from the US market, its executive chairman Donald Tang has told AFP. The head of the online platform, which has come in for scrutiny over its environmental footprint and allegations of human rights violations, also insisted that the company does not use forced…
By offering dresses starting as low as Rs 199, billionaire Mukesh Ambani-led Reliance Retail has now sparked a fast fashion war in India by relaunching Shein and taking an online-first approach to challenge both Tata Group’s Trent-owned Zudio and Nykaa Fashion. While India’s overall fashion market grew just 6 per cent in FY24, the fast…
The new Shein India app, which went live last Friday, has products which are manufactured, marketed and sold only by Nextgen Fast Fashion, a fully owned subsidiary of Reliance Retail Ventures Ltd. Nextgen manufactures these products on the Shein India platform through a wide network of Indian manufacturers, in which most of which are MSMEs…
Chinese fast-fashion giant Shein has made its comeback to the Indian market through a dedicated mobile app launched by Reliance Retail, nearly five years after its ban during diplomatic tensions in 2020.The Shein India Fast Fashion app, available on both Android and iOS platforms, initially serves major cities including New Delhi, Mumbai, and Bengaluru, with…
India’s fast fashion business is gearing up for intense competition. The runaway success of Zudio, a brand owned by a Tata company, Trent, has prompted Reliance Retail Ventures Ltd to tie up with a Chinese fast fashion giant, Shein, which has made waves across the world, overtaking major global fashion brands. ET has reported that…
Reliance Retail has started a backend test launch of Chinese fast fashion label Shein, starting with its fashion and lifestyle platform Ajio, four-and-a-half years after the Indian government banned the label. “Shein has begun testing and cataloguing its casual women’s westernwear on Ajio, which it may gradually roll out to other platforms,” said an executive…
Shein‘s return to India is conditional on strict data-related requirements. Commerce minister Piyush Goyal has revealed that the Chinese fast-fashion retailer have to meet stringent data localisation conditions to re-enter the Indian market after its 2020 ban. These conditions include relinquishing control of its local operations and data to its Indian partner, Reliance Retail, ensuring…
The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023. REUTERS/Florence Lo/Illustration/File Photo Chinese online shopping giants Shein and Temu have changed the face fashion ecommerce in the Europe and US. In the United…
Representative image Online retailer Shein‘s revenue growth slowed to 23% in the first half of this year, from 40% last year, The Information reported on Tuesday, citing two people familiar with the matter, as it prepares for a highly anticipated listing in London. The deceleration in growth coincides with rising competition from Chinese bargain shopping…
Representative image Shein‘s British business made 1.55 billion pounds ($2 billion) in revenue in 2023, a filing by the online fast-fashion group showed on Tuesday, as it prepares for a hotly debated listing in London. The annual revenue from the UK, Shein’s third-biggest market, was 38% more than it had previously reported for a 16-month…
