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The company was valued at $100 billion. [18] In October 2022, The Wall Street Journal reported that Shein generated US$24 billion in revenue in 2022, becoming almost as large as traditional fast fashion brands such as Zara and H&M. [6] Its other competitors include ASOS, Fashion Nova, Forever 21, PrettyLittleThing, Temu, and Topshop. [19]
One survey we ran found that more than 75% of people prefer to buy multiple, lower-quality products rather than a single, high-quality one—even if the total cost is the same amount.
Shein acquired one-third of Forever 21’s parent company in 2023, ... the company’s cofounders had a combined net worth of $5.9 billion with 750 stores across the U.S.
This is a list of notable people reported as having died either from coronavirus disease 2019 or post COVID-19 , as a result of infection by the virus SARS-CoV-2 during the COVID-19 pandemic and post-COVID-19 pandemic.
But COVID-19 did not stop fast fashion altogether in the future. Zara's sales in 2020 made less than half of Shein's sales which is a threat due to Zara's continued popularity. [ 34 ] Shein doubled its sales during 2020, with 35% of those sales accounting for Western clients.
Investigators have accused Shein of forcing workers to work 16-hour days, withholding wages, and utilizing child labor, some of which the Singapore-based company has admitted to.
Huang rose seven places on Hurun's annual list of China's wealthiest people, ... Chinese e-commerce company, the fast fashion-oriented Shein. ... $35 billion since his peak net worth of $58.8 ...
For even more international statistics in table, graph, and map form see COVID-19 pandemic by country. COVID-19 pandemic is the worst-ever worldwide calamity experienced on a large scale (with an estimated 7 million deaths) in the 21st century. The COVID-19 death toll is the highest seen on a global scale since the Spanish flu and World War II.