What is Shein? The $100 billion fast-fashion company explained.

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Shein's rise: How the wildly popular but controversial Chinese brand became the most feared fast-fashion retailer in the world

Shein is the second most-downloaded shopping app in the US, according to UBS Evidence Lab data. Shein has more followers on TikTok than any other apparel retail brand and is the most Google-searched apparel retailer in the US, according to UBS data. The average Shein shopper is nearly 35 years old.is a 34.7-year-old woman who earns $65,300 in annual income and reports spending $100 per month on women's clothing. That's 60% higher than the average US woman, UBS reported.

. As of this writing, H&M's market cap was $20 billion and Zara's parent company Inditex had a market cap of $117 billion.Women search for unused clothes in the Atacama Desert in Chile. The heap is so large that satellites can easily spot it. Fast fashion contributes between 2% and 8% of the world's carbon emissions, the United Nations found in 2018.Along with Shein's colossal success, comes mounting criticism.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines