February 12, 2021

retailer

Is China’s Mysterious $15 Billion Fast Fashion Retailer Ready For Stores?

Over 30? Then you had better read on. Shein may not be a household name like e-commerce giants, Alibaba
BABA
, Taobao, or JD.com, but as China’s newest retail Decacorn, its mystery-shrouded low profile is matched only by a single-minded ambition to become a global fast-fashion retailer.

Founded in 2008, Nanjing-based Shein is aimed squarely at Gen Z, luring young shoppers via Instagram and TikTok influencers and a barrage of

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Online retailer Boohoo buys 3 fashion brands from Arcadia

LONDON (AP) — British online fashion retailer Boohoo has bought three clothing brands owned by the collapsed Arcadia retail group for 25.2 million pounds ($34.5 million).

Boohoo bought the inventory and online businesses of the Arcadia brands – Dorothy Perkins, Wallis and Burton. The deal did not include the brands’ 214 remaining U.K. shops, which will close, and around 2,450 employees were told Monday that their jobs have been axed.

Arcadia was long one of the biggest players in British retail, but it has struggled with a shift in shoppers’ behavior in recent years and the pandemic has dealt a

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