Shein returns to China after Vietnam warehouse experiment disappoints
Shein’s draft prospectus showed a 14% decline in US revenue in Q1, attributed to the end of the de minimis exemption. (Reuters pic) HANOI: Just over a year ago, Chinese ultra-fast fashion retailer Shein began leasing 15 hectares of warehouse facilities — equivalent in size to 21 soccer pitches — near Ho Chi Minh City,…