Temu

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.…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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EU proposes new custom duties to curb Chinese imports

The EU has reportedly drawn up plans to impose custom duties on cheap products from Chinese online retailers such as…

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Today’s news in brief-23/5/24

The Very Group’s pre-tax losses narrowed to £2.1m for the 39-week period ending March 30, down from £11.7m the previous…

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