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DARK SECRETS: 12 | Vintage Vibes

Shein doubles profits in UK after sales leap 40% to £1.5bn

Fast-fashion retailer presents ‘real challenge for Boohoo and Asos’ as it considers £50bn IPO, says analyst

The Guardian - UK

Shein's UK sales and profits double ahead of potential London IPO

Shein is already one of the country’s biggest e-commence players despite having only launched in the UK around a decade ago.

Evening Standard

Superdry boss: ‘Shein should pay tax in a fair way or there will be UK bankruptcies’

Julian Dunkerton on how Brexit was an ‘economic disaster’ and why the brand is focusing on ‘preppy classics’

The Guardian - UK

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Gen Z supports sustainability – and fuels ultra-fast fashion. How does that work?

Generation Z has been called “the sustainability generation”.

The Conversation

Shein faces scrutiny in Italy over possible greenwashing

Italy’s antitrust watchdog is investigating the online fastfashion giant Shein for potentially making misleading claims about its sustainability practices

The Independent UK

A TikToker Got More Than She Bargained For In Her Shein Package: ‘Wanted To Throw Up’

“I dumped the packages out and they fell out onto my feet and the ground.”

Pedestrian.tv

Superdry's boss would force Shein to pay more taxes if he could

Critics have highlighted that Shein has avoided paying taxes on low-value packages owing to a loophole.

Fortune

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Where does the UK’s fast fashion end up? I found out on a beach clean in Ghana

There are enough garments in the world to dress the next six generations. Yet the number of clothes being produced in the global north is soaring – and poisoning poorer countries

The Guardian - UK

Planned Shein IPO needs closer scrutiny, says former Labour minister

Trade committee head Liam Byrne wants checks on firm’s possible supply chain links to forced labour

The Guardian - UK

White House says Congress has to act on 'de minimis' tariffs - Roll Call

The White House, having moved to narrow the use of a tariff exemption on small orders, says Congress still has to legislate on the matter.

Roll Call

US Crackdown On Tax-Free Imports Hits Temu, Shein Hard

Shein and Temu downplayed the impact of the crackdown on their business, stating that their growth doesn't depend on the tax-free policy.

International Business Times

China Rejects US Tariff Hike And Pledges To Safeguard Businesses

China urged the US to immediately correct and lift all tariffs imposed on Chinese goods.

International Business Times

Zara parent Inditex sees retail profits surge to €2.8 billion as its new collection lures more shoppers

Inditex, which also owns Pull&Bear, Bershka, Massimo Dutti, and Stradivarius, said its spring and summer collections were "very well received."

Fortune

US Regulators Warn About Deadly Baby Products On Shein, Temu

International Business Times

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Fortune

Temu's billionaire founder lost his title as China's richest person just 20 days after winning it

Colin Huang’s net worth tanked $14.1 billion after disappointing earnings results.

Top News

Shein Discovers Child Labor In Supply Chain, Takes Action

Shein's sustainability report reveals child labor cases in its supply chain, prompting swift action and policy updates.

The Guardian - UK

Fashion retailer Shein finds child labour in its supply chain

Disclosure comes as campaigners call on UK to oppose company’s planned listing on London Stock Exchange

Fortune

Meet the $465 million startup UPS acquired that helps solve the ‘free returns’ nightmare that Amazon fueled

Happy Returns is working to make "Buy Online, Return In Store" possible for everyone.

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The Independent UK

Shein sues Temu over copyright infringements as the legal feud between the two companies heats up

Online fast-fashion giant Shein is suing its competitor Temu once again, accusing the China-founded shopping platform of stealing its designs, product images and engaging in other types of fraud

Latin Times

US Officials give Temu hard deadline to address slave labor accusations, alleged ties to China Communist Party

Temu was given 30 days to respond to questions by the attorneys general letter

Fortune

The problem with the war against Temu and Shein

Politicians on both sides of the aisle agree that Chinese e-commerce companies Temu and Shein must be stopped. The arguments for why, don't always hold up.

International Business Times

Seoul Authorities Find Toxic Substances In Shein And Temu Products

Women's accessories sold by some of the world's most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable levels, authorities in Seoul said Wednesday.

The Guardian - UK

London Stock Exchange denies lowering standards to win Shein IPO

Fast-fashion retailer had planned New York listing before US lawmakers raised concerns over forced labour allegations

Marie Claire

Shein announces a €250 million circularity fund, as the ultra-fast fashion giant inches closer to UK Stock Exchange listing

Why Shein is love-bombing the UK

The Times of India

Hundreds of China merchants join protest against Temu

Hundreds of merchants staged a rally at PDD Holdings Inc’s offices in southern China this week, protesting what they called unfair penalties that Temu’s owner is increasingly levying.

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