Fast-fashion retailer Shein's executive chairman Donald Tang told investors in a letter on Monday that "growth remains strong ...
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“[Shein and Temu] built their entire business model on de minimis ... who import goods to the U.S. are already asking vendors ...
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Akash Agarwal, Whole-Time Director at V2 Retail further pointed out that 80-90% of V2 Retail’s stores are located in Tier-2 and Tier-3 towns, contributing significantly to the company’s revenues.
“[Shein and Temu] built their entire business model on de minimis ... U.S. are already asking vendors to pay an extra 30% on the retail price of goods shipped from Hong Kong and China.