Four California counties have settled a lawsuit with clothing retailer Shein for a total of $700,000 after taking legal action against the company for late deliveries and failing to inform shoppers about delays, according to early-July reporting from the San Francisco Chronicle. What’s happening? The suit, filed by prosecutors from Napa, Sonoma, San Francisco, and…
Shein, the Chinese fast-fashion giant known for pumping out thousands of new clothing styles daily, has landed in hot water again — this time with a $47 million fine from French authorities. The country’s antitrust agency found the company “deceived consumers about the authenticity of discounts they could benefit from” and made environmental claims it…
President Donald Trump‘s latest move could send shock waves through the fast-fashion industry, and threatens to upend the business models of companies like Shein and Temu while increasing the price of foreign-made goods for U.S. consumers. On Wednesday, the president signed an executive order ending the de minimis tariff exemption for shipments valued at under…
據報內地快時尚零售商SHEIN(希音)已申請在香港上市，以向英國監管機構施壓，冀能加快公司在倫敦上市進程。Shein回應指消息不實，屬惡意揣測。英國《金融時報》引述消息指，Shein上周向港交所(00388)秘密提交上市申請，並尋求中證監的批准，而申請在香港上市，是為了向英國監管機構施壓，要求放寬風險披露規定，以繼續推進在倫敦上市的交易，如果英國金融市場行為監管局，願意接受中證監批准的招股說明書，倫敦仍然會是Shein首選的上市地。 (ST)#希音 #SHEIN (ST) Source link
China’s shipments of hi-tech goods to the European Union went into overdrive last month, coinciding with a big drop in exports of the same goods to the US, suggesting that the superpower trade and tech wars could be affecting trade with Europe. Calculations based on recently published Chinese trade data showed that China in May…
The French Senate has approved a new legislation that puts strict rules on ultra-fast fashion brands like SHEIN and Temu. This bill bans ads for brands that harm the environment and fines those that don’t follow sustainability rules. The goal is to push the fashion industry toward more eco-friendly practices with lower carbon footprint, aiming…
Founded in 2018 at fast-rising Chinese technology hub Hangzhou, capital of eastern Zhejiang province, Zhiyi Tech is focused on compiling style and sales data from major shopping and social-media sites around the world, providing clients with data-driven analysis of fashion market trends. Zhiyi Tech founder and CEO Zheng Zeyu said in a Post interview last…
PARIS — As major brands scale back their sustainability initiatives, France is pressing ahead with legislation aimed at reining in “ultra-fast fashion” platforms such as Shein and Temu, known for their extremely low-cost clothing. The bill, introduced by Anne-Cécile Violland, a member of parliament from the Horizons party, passed the Senate one year after clearing…
SHEIN has become one of the biggest names in fast fashion, selling affordable clothes online to customers around the world. The company had revenues of around US$30–32 billion in 2023 and offered nearly 600,000 items for sale at any given time. However, SHEIN is also facing criticisms over its rising carbon footprint and net-zero initiatives. The…
Workers in Guangzhou are putting in 12-hour days, six to seven days a week, to keep up with the relentless pace of fast fashion giant Shein’s production demands, reported Le Monde. What’s happening? Behind the trendy clothes that cost just a few dollars lies a production system pushing both people and planet to the brink….