Leading global clothing retailer Shein is still small in SA — for now
Online Chinese retailer quickly produces cheap fashionable clothes
18 April 2022 - 17:27
You many never have heard of Shein, but it is one of the largest clothing retailers in the world — competing with global brands Zara and H&M. Local analysts say its impact is not significant in SA yet. — for now
The Chinese clothing retailer company that sells online is privately owned so it does not reveal its earnings. But financial services firm Morgan Stanley estimates Shein sold $10bn (R146bn) of goods a year with $20bn expected this year, on par with Inditex’s Zara, the poster child of fast fashion. ..
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