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The Latest Breaking News from Shein

Forever 21 set to close all stores

The retailer cited competition from online rivals, but some said the brand didn't resonate with today's youth

Salon

Forever 21 Blames Shein and Temu for Their Downfall as They Prepare to Close All U.S. Stores

Forever 21 has filed for bankruptcy again and will shut down all U.S. stores, blaming Shein, Temu, and shifting consumer trends for its downfall.

Latin Times

Shein Says US Tariff Hit Won't Stop Fast-fashion Flood

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…

International Business Times

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Shein chairman says firm ‘wants to be listed company’

The retailer has been in talks over an initial public offering on the London Stock Exchange over the past year.

Evening Standard

Shares In Zara Owner Inditex Sink Despite Record Profit

Zara owner Inditex posted Wednesday another record annual profit but investor worries that sweeping US tariffs could hurt its growth prospects caused shares in the world's biggest fashion retailer to slide.

International Business Times

New name but same old struggles for Boohoo

Rebrand to Debenhams won’t solve the company’s issues – the retailer may simply have already had its day in the sun

The Guardian - UK

UK risks becoming dumping ground for goods from exploited workers, MPs say

Committee says firms should be required to say how they will tackle modern slavery in supply chains

The Guardian - UK

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Tom Cotton gingerly steps on Trump’s toes as he eviscerates TikTok in book

Republican seeks to shine light on major threat to US interests in Seven Things You Can’t Say About China – but may come to regret his moves as missteps

The Guardian - US

Shein’s Profit Plunges by $1 Billion in 2024 as Trump Closes Tax Loophole

Chinese e-commerce giant Shein has suffered a major financial blow, with its net profit dropping by more than $1 billion in 2024

The Fashion Central

Kash Patel confirmed as FBI director after fears he will ‘carry out Trump’s bidding’

The Trump loyalist inherits an FBI gripped by turmoil

The Independent UK

Kash Patel set to make millions off Chinese fast-fashion brand Shein

Patel’s confirmation vote is scheduled for Thursday

The Independent UK

Shein could be a shot in the arm for the London Stock Exchange – but the fashion giant might not like the added scrutiny

Fast fashion giant Shein’s mooted flotation on the London Stock Exchange (LSE) could be larger than any stock exchange listing seen in Europe in the last year. Coming at a time when the LSE is struggling to attract new listings, with some firms migrating to other exchanges, this could be…

The Conversation

The secret behind Temu’s rock-bottom prices

Temu has made a remarkable entry in the global e-commerce landscape, quickly becoming the fifth largest online marketplace in France. Critics claim Temu’s ultra-competitive pricing relies on unfair practices. Yet its success stems from the powerful—and proven—business model of its parent company, Pinduoduo, which started as an online marketplace for…

The Conversation

Shein under pressure to cut valuation of planned London float – reports

The fast fashion retailer has been in talks over an initial public offering on the London Stock Exchange over the past 12 months.

The Independent UK

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The Guardian - UK

UK marketplace sellers face ‘second Brexit’ hit from Trump’s US import rules

End of ‘de minimis’ policy for Chinese goods also expected to hit bigger online fashion retailers such as Asos and Boohoo

The Independent UK

Kash Patel had a roster of foreign clients. Their interests could clash with FBI he hopes to lead

President Donald Trump's pick to lead the FBI, Kash Patel, got rich consulting for a roster of foreign clients whose interests may clash with the law enforcement agency he hopes to lead

The Guardian - UK

UK urged to close tax loophole to prevent ‘massive influx’ of Shein and Temu goods

Campaigners and retailers say Britain should follow US and EU in phasing out exemption on duties for low-value parcels

Top News

Kash Patel's Business Dealings Under Scrutiny For FBI Role

Kash Patel, Trump's FBI director nominee, faces scrutiny over foreign ties and conflicts of interest.

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news in one place.

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Evening Standard

Greens urge Sadiq Khan to ban Shein adverts from TfL network

Assembly member Caroline Russell accuses the firm of having ‘a disgraceful record and a complete lack of transparency about its business practices’

International Business Times

Shein, Temu Face Cost Of Adapting To New US Customs Rules

US tariffs on Chinese imports and the closing of a customs loophole will wreak disruption on the business models of e-commerce giants Shein and Temu, with consumers potentially bearing the brunt of the cost, analysts say.

International Business Times

EU Quizzes Shein Over 'Illegal' Products

The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm.

TechRadar

US Postal Service resumes accepting parcels from China and Hong Kong hours after saying it wouldn't

Move followed US introduction of tariffs on Chinese imports and removal of long-standing duty-exemption rule, but is no longer in effect

The Independent UK

Voices: China won’t take Trump’s trade assault lying down… here’s how

COMMENT: Trump’s impact on e-commerce, which he sees as a no-lose proposition, has unsettled Xi and his policymakers. Michael Sheridan explains how they’re fighting back

International Business Times

EU Seeks New Import Fee On E-commerce Packages

The European Commission announced Wednesday it would seek to impose new fees on e-commerce imports, as part of efforts to tackle a surge of "harmful" products into the bloc -- the bulk of them from China.

The Independent UK

USPS reverses order suspending packages from Hong Kong and China amid Trump trade war

U.S. president says he’s in ‘no hurry’ to defuse the new trade war between Washington and Beijing

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