Shein operates on tight margins
May 30, 2023
Shein sells fashion merchandise on the cheap, invests a lot in social media marketing and offers free returns. Those are all factors in the e-commerce giant’s 3.5 percent net margin. Rivals including Uniqlo owner Fast Retailing, 11.9 percent, and Zara owner Inditex, 12.3 percent, operate at much higher net margins.
Recent News
Grocery Prices Have Finally Fallen for the First Time in a Year
Some grocery staples are seeing a decline in price.
Under Armour Layoffs Set Company up for Major Restructuring, Says CEO
Amid a decline in revenue, the brand is restructuring.
Almost 900,000 Yogi Tea Bags Recalled Over Pesticides
East West Tea Company, LLC has initiated a recall affecting almost 900,000 Yogi tea bags in 54,846 boxes sold nationwide.
McDonald’s Introduces Limited-Time $5 Value Meal & New McFlurry
McDonald’s will launch a $5 value meal in the U.S. starting June 25, available for roughly a month.