Temu
This coverage explores Temu’s entry, growth strategies, and market activities within the UK retail sector. Reporting highlights its pricing tactics, supply chain model, marketing approaches, and competitive impact on established retailers. Designed for retail executives and brand managers, the coverage provides insights into how Temu’s presence influences consumer expectations, market dynamics, and operational benchmarks across the industry.
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Feb- 2025 -11 FebruaryClothing & Shoes
Shein abandons UK warehouse opening amid London listing uncertainty
Fast fashion group Shein has reportedly abandoned plans to open a warehouse in the Midlands, according to The Telegraph, as its plans for a London IPO continues to face difficulties from the EU and the US. The search for a UK warehouse was thought to started as a way for…
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4 FebruaryOnline & Digital
Shein’s London float in danger as Trump tariffs target US tax loophole
Shein’s £50bn London IPO plans could be in danger after Donald Trump set his sights on closing a tax loophole that allows retailers like Shein to avoid tax charges in the US.Trump is set to scrap the ‘de minimis’ rule, which allows small packages worth less than $800 (£645) to…
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Jan- 2025 -15 JanuaryAnalysis
Is New Look right to close up shops?
The tax increases unveiled in the October 2024 budget have further complicated the outlook for retailers in the new year. One such high street retailer, New Look, which has managed to narrow its pre-tax loss to £21.7m in the year to March 2024, now faces the difficult task of balancing…
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6 JanuaryNews-In-Brief
Today’s news in brief-6/1/25
Fast-fashion retailer Shein is set to face scrutiny from a Parliamentary Committee over labour practices in its supply chain. The inquiry, part of the government’s employment rights initiative, also involves Chinese firm Temu. The committee, chaired by ex-Labour minister Liam Byrne, aims to tackle forced labour concerns and inadequate protection…
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6 JanuaryOnline & Digital
Shein to face Parliamentary Committee over labour practices
Fast-fashion retailer Shein is set to be brought before a Parliamentary Committee to be questioned over the rights of workers in its supply chain. According to reports from Reuters the firm hoping to list on the London Stock Exchange will be questioned alongside fellow Chinese firm Temu. The cross-party Business…
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Dec- 2024 -2 DecemberOnline & Digital
Temu to shorten delivery times through expansion of UK suppliers
Temu has plans to increase the number of its UK-based suppliers as a way to speed up delivery times, which could see orders get completed within one business day, The Times has reported. This plan is part of the e-retailer’s “local” initiative, as it seeks to compete with British high…
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Oct- 2024 -23 OctoberClothing & Shoes
Shein launches branded credit card with Mexican fintech Stori
Shein is set to launch its first branded credit card worldwide through a partnership with Mexican fintech company Stori, Reuters has reported. The credit card, which will be branded Mastercard, will offer points to use on Shein’s website with every purchase made as well as double points on clothes orders. …
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Sep- 2024 -16 SeptemberClothing & Shoes
Proposed US tax changes will not hurt competitive edge, Shein says
Government plans to close a loophole in the US that allows low-value shipments to enter the country duty free will not damage business for Shein, its executive chairman Donald Tang has said. According to The Business of Fashion, Tang said it would not affect the company’s market position, after White…
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Aug- 2024 -28 AugustOnline & Digital
Temu owner PDD sees shares plummet 29% despite strong Q2 results
Temu owner PDD holdings saw its shares plummet 29%, wiping out $55bn (£41.6bn) off the company’s market value, after its Q2 results fell short of analysts expectations. This comes despite a 86% increase in revenues to $13.35m (£10.09m) and a 156% rise in operating profit to $4.48m (£3.39m) in Q2…
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Jul- 2024 -4 JulyNews
Today’s news in brief-4/7/24
The European Commission is taking a decisive step to tackle a surge in unsafe and substandard products flooding EU markets from Chinese online retailers like Temu and Shein. Concerned by a 50% increase in dangerous product reports last year, exceeding 3,400 cases, the Commission plans to scrap the current €150…
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