Shein cash giveaways similar to Temu’s raise data privacy issues Tech Fast-fashion giant Shein has launched a number of promotions on its app, such as "magic draw", "draw easily", "free gift", and "spin to win".
Dr Martens sues Temu over use of trademark on Google search Law Dr Martens filed the legal action against Temu filed at the High Court last week over alleged trademark infringements.
Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge Retail Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market.
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.
Shein still keen to buy Topshop from Asos April 18, 2024 Fast-fashion disruptor Shein is reportedly still interested in buying Topshop from Asos, the former golden egg of Philip Green’s now collapsed Arcadia empire.
Currys bidding war: Chinese retail giant JD joins race as shares soar 33 per cent February 19, 2024 Chinese retail giant JD.com is the latest firm to consider buying Currys, as its board reveals it is in the “very preliminary stages” of exploring a takeover.
Amazon profits triple as layoffs fuel record sales surge October 27, 2023 Amazon has over tripled its profits and reported its highest level of sales since the pandemic-driven online shopping spree.
Meta’s stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress April 25, 2024 Shares of Meta, the parent company of Facebook and Instagram, experienced a significant drop of more than 15 per cent during after-hours trading.
Miniso: The New York-listed Chinese retailer looking to take London high streets by storm February 26, 2024 Shein was first - but it isn't the last Chinese operation coming for London
Microsoft, Google, Meta and Amazon hope to lift Wall Street spirits in this week’s results October 22, 2023 Big Tech earnings season is back, with a keen focus on cloud business, AI, and capex changes amid a challenging year on Wall Street.