The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Shein, the ultra-fast China-based online retailer, has established a new hub in Singapore to better extend its reach into Southeast Asia.
It already has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and Shein told Tech in Asia that it plans to create a standalone website for Malaysia in the near future.
A Southeast Asia push makes sense for the company, which is already in the top ten most downloaded shopping apps in the region’s major countries.
According to data analytics company Earnest Research, which collects credit card data, Shein’s sales in the US grew 160 percent from January to June. The company now controls 28 percent of the American fast fashion market, according to Earnest, topping incumbents H&M, Zara, Forever 21 and Fashion Nova.
This week’s round-up of global markets fashion business news also features Brazil’s JHSF, the Abu Dhabi Investment Authority and the impact of Taiwan’s earthquake on textile supply chains.
This week’s round-up of global markets fashion business news also features Dubai’s Majid Al Futtaim, a Polish fashion giant‘s Russia controversy and the bombing of a Malaysian retailer over blasphemous socks.
As luxury marketing hits saturation point in Dubai during the Muslim holy month, global brands are ramping up their local engagement in other Gulf cities including Riyadh, Abu Dhabi and Kuwait City.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.