Fast-fashion company Shein is considering the possibility of switching its initial public offering to London from New York because of hurdles to the listing in the US, according to people with knowledge of the matter. Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the…
Inditex, the parent company of Zara and the world’s largest publicly listed fast fashion company, is taking steps to expand its budget-friendly brand Lefties in response to the growing competition from Chinese-founded Shein. The rise of Shein, an online marketplace known for its low prices and lack of physical stores, has created pressure for retailers…
LONDON: Zara owner Inditex , the world’s biggest listed fast fashion company by sales, is expanding its low-priced Gen Z-focused brand Lefties to counter Chinese-founded rival Shein. The rapid growth of Shein, an online marketplace with no physical stores, is putting pressure on retailers like Inditex and Sweden’s H&M to find ways to respond to…
Fast Retailing said on Tuesday its Uniqlo unit filed a lawsuit in Japan against the operators of Shein, claiming the Chinese fashion company copied its round mini shoulder bag. The petition was filed on Dec. 28 in the Tokyo District Court against Roadget Business Pte, Fashion Choice Pte, and SHEIN JAPAN, Fast Retailing said in…
With Zara-owner Inditex and H&M set to disclose their most recent sales results, investors will be focused on one major question: how are the two fast-fashion pioneers responding to the current market leader, Shein? Shein has a huge valuation and is primed for an IPO. With sales almost entirely online, the retailer generated about $23…
GAP Gap on Thursday forecast holiday-quarter sales below estimates, but posted better-than-expected results for the third quarter thanks to easing supply expenses and cost-control efforts, sending its shares up 11% in extended trading. Major retailers like Walmart and Target have struck a cautious tone heading into the all-important shopping season, with consumers cutting back on…
