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The Latest Breaking News from Shein

Shares In Zara Owner Inditex Sink Despite Record Profit

Zara owner Inditex posted Wednesday another record annual profit but investor worries that sweeping US tariffs could hurt its growth prospects caused shares in the world's biggest fashion retailer to slide.

International Business Times

New name but same old struggles for Boohoo

Rebrand to Debenhams won’t solve the company’s issues – the retailer may simply have already had its day in the sun

The Guardian - UK

UK risks becoming dumping ground for goods from exploited workers, MPs say

Committee says firms should be required to say how they will tackle modern slavery in supply chains

The Guardian - UK

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Tom Cotton gingerly steps on Trump’s toes as he eviscerates TikTok in book

Republican seeks to shine light on major threat to US interests in Seven Things You Can’t Say About China – but may come to regret his moves as missteps

The Guardian - US

Shein’s Profit Plunges by $1 Billion in 2024 as Trump Closes Tax Loophole

Chinese e-commerce giant Shein has suffered a major financial blow, with its net profit dropping by more than $1 billion in 2024

The Fashion Central

Kash Patel confirmed as FBI director after fears he will ‘carry out Trump’s bidding’

The Trump loyalist inherits an FBI gripped by turmoil

The Independent UK

Kash Patel set to make millions off Chinese fast-fashion brand Shein

Patel’s confirmation vote is scheduled for Thursday

The Independent UK

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Shein could be a shot in the arm for the London Stock Exchange – but the fashion giant might not like the added scrutiny

Fast fashion giant Shein’s mooted flotation on the London Stock Exchange (LSE) could be larger than any stock exchange listing seen in Europe in the last year. Coming at a time when the LSE is struggling to attract new listings, with some firms migrating to other exchanges, this could be…

The Conversation

The secret behind Temu’s rock-bottom prices

Temu has made a remarkable entry in the global e-commerce landscape, quickly becoming the fifth largest online marketplace in France. Critics claim Temu’s ultra-competitive pricing relies on unfair practices. Yet its success stems from the powerful—and proven—business model of its parent company, Pinduoduo, which started as an online marketplace for…

The Conversation

Shein under pressure to cut valuation of planned London float – reports

The fast fashion retailer has been in talks over an initial public offering on the London Stock Exchange over the past 12 months.

The Independent UK

UK marketplace sellers face ‘second Brexit’ hit from Trump’s US import rules

End of ‘de minimis’ policy for Chinese goods also expected to hit bigger online fashion retailers such as Asos and Boohoo

The Guardian - UK

Kash Patel had a roster of foreign clients. Their interests could clash with FBI he hopes to lead

President Donald Trump's pick to lead the FBI, Kash Patel, got rich consulting for a roster of foreign clients whose interests may clash with the law enforcement agency he hopes to lead

The Independent UK

UK urged to close tax loophole to prevent ‘massive influx’ of Shein and Temu goods

Campaigners and retailers say Britain should follow US and EU in phasing out exemption on duties for low-value parcels

The Guardian - UK

Kash Patel's Business Dealings Under Scrutiny For FBI Role

Kash Patel, Trump's FBI director nominee, faces scrutiny over foreign ties and conflicts of interest.

Top News

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Evening Standard

Greens urge Sadiq Khan to ban Shein adverts from TfL network

Assembly member Caroline Russell accuses the firm of having ‘a disgraceful record and a complete lack of transparency about its business practices’

International Business Times

Shein, Temu Face Cost Of Adapting To New US Customs Rules

US tariffs on Chinese imports and the closing of a customs loophole will wreak disruption on the business models of e-commerce giants Shein and Temu, with consumers potentially bearing the brunt of the cost, analysts say.

International Business Times

EU Quizzes Shein Over 'Illegal' Products

The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm.

TechRadar

US Postal Service resumes accepting parcels from China and Hong Kong hours after saying it wouldn't

Move followed US introduction of tariffs on Chinese imports and removal of long-standing duty-exemption rule, but is no longer in effect

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The Independent UK

Voices: China won’t take Trump’s trade assault lying down… here’s how

COMMENT: Trump’s impact on e-commerce, which he sees as a no-lose proposition, has unsettled Xi and his policymakers. Michael Sheridan explains how they’re fighting back

International Business Times

EU Seeks New Import Fee On E-commerce Packages

The European Commission announced Wednesday it would seek to impose new fees on e-commerce imports, as part of efforts to tackle a surge of "harmful" products into the bloc -- the bulk of them from China.

The Independent UK

USPS reverses order suspending packages from Hong Kong and China amid Trump trade war

U.S. president says he’s in ‘no hurry’ to defuse the new trade war between Washington and Beijing

The Independent UK

USPS has suspended parcels from Hong Kong and China. Here's what it means for Shein and Temu

The U.S. Postal Service said it was temporarily suspending inbound parcels from China and Hong Kong, effective Tuesday

Fortune

U.S. Postal Service reverses decision to stop accepting packages from China, after Trump ends ‘de minimis’ exemption used by Temu and Shein

Chinese packages under $800 were exempt from tariffs owing to the “de minimis” exemption, now ended under new U.S. rules that came into effect Tuesday.

The Independent UK

Fast fashion, laptops and toys are likely to cost more due to US tariffs on Chinese imports

A sweeping new U.S. tariff on products made in China is expected to increase the prices American consumers pay for a wide array of products

The Guardian - UK

Labour facing defeat in vote to ban green energy investments tied to Uyghur exploitation

Exclusive: cross-party backing likely for amendment to GB Energy bill aiming to block solar panels made by forced labour

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