Fast-fashion giant Shein reportedly more than doubled its profits in 2023 — to a record-high of more than $2 billion — as the China-owned company awaits approval to go public in the US.

Shein, an e-commerce company founded in China, hiked its prices for U.S. consumers on items like clothing, toys and more in response to President Donald Trump's tariffs.

Shein releases as many as 2,000 new pieces every day, according to Saunders. "Shein drops an enormous amount of new product, and it's an addictive model for consumers," Saunders said.

Key Background. According to a since-deleted press release, Shein was founded in 2008 as SheInside by Chinese-American entrepreneur Chris Xu–whom Forbes estimated is worth $10.5 billion–with ...

Neither Shein nor Temu clarified how much they intend to raise prices. When reviewing dozens of items on both sites, USA TODAY found that some prices were more than 100% higher, while some were ...

Online fast-fashion retailer Shein's profit dropped by more than a third last year, adding to its challenges ahead of a planned listing on the London Stock Exchange, the Financial Times reported ...

“Cheap goods” sold on Temu and Shein aren’t as cheap as they were 24 hours ago. On Friday, the two companies raised prices on many goods in advance of new tariffs set to take effect next week.

Shein, one of the most profitable fast fashion retailers in the world, was accused of stealing designs — and blaming shell companies it operates. Business Insider Subscribe Newsletters ...

On-demand manufacturing, innovative technology, and "test-and-learn" batches help SHEIN tailor shopping to your unique tastes.

Shein’s official TikTok account has since posted two responses to the original video. On June 1, the brand claimed, “Our strict Code of Conduct prohibits suppliers from using child or forced ...

Fast fashion retailer Shein found two cases of child labor at its suppliers last year, it said in its 2023 sustainability report, as it stepped up audits of manufacturers in China to assuage ...

Pan-European consumers organisation BEUC filed a complaint with the European Commission on Thursday against online fast-fashion retailer Shein over its use of "dark patterns", tactics designed to ...