2024 APRIL ISSUE
MARKET INTELLIGENCE
SHORT READ
| PART 2
Contents:
H&M is Affected By Its Earnings Fears
Adidas After Yeezy’s Liquidation
Shein Challenges for Its Public offerings
Shein’s Act with China’s Regulators Need to be Clarified
Temu is Staging War Against Shein and All the Players in Fast-Fashion
Retailers Are Focusing Inventory Strategy
Luxury Market ‘s Verdict for 2024
The Body Shop, the World Renowned Company is in Administration in the UK
Temu is the Second-Most Popular Shopping App in the U.S.
Luxury Market’s Latest Reality Check
Amazon’s Home Turf is Invaded by Different Players
TikTok the Viral Trend That is Becoming Scary
Kering the Luxury Group’s Sales is Sliding
Luxury Retailers Are Buying Real Estates
H&M Changed the Strategy to Source Closer to Market
A Piece of Interest – The Red Dye
Written by Andrew Sia
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From the Desk of the Publisher
Here we made a lot of reports about the players of those e-commerce from China, namely, Shein, Temu and Pinduoduo, and also the social media app, TikTok, as a very important vehicle for pushing the business to a hype that has never seen and experienced before. I believed that all these have given us the chance for some serious thinking and if things could have gone out of control.
In this free world, we have learned to take competitions, but with this kind of business practices that have all taken a very short time. Take for instance, Pinduoduo was only launched in 2015 and it is already doing $19.19 billion in 2023. We can move on to Temu who was doing $1.7 billion in 2023 and entered into the U.S. market only a year ago. It is already the second most popular shopping app in the U.S. Shein was founded in 2008 and today it is a $60 billion company and has become the second largest fast fashion company in the world.
Their sales revenues are all very impressive, but their profits has remained very moderate and it is obvious that they are trying to “buy” the market and in the meantime “burn” their competitors. They are all waiting for their “killing.”
