Js Kho’s Post

In our latest report, we estimate that SHEIN contributed €640 million to the French economy in 2023, supporting 2,900 jobs. Beyond its retail operations, SHEIN’s activities have also served to increase customer access and visibility for independent artists and designers in France. Through initiatives like SHEIN X, younger designers, artists and businesses are able to tap into the global market, leverage technology, and scale quickly. Nearly two-thirds of SHEIN X designers surveyed by Oxford Economics said SHEIN was the place they learned to operate and sell on e-commerce platforms. Discover the full report here: https://okt.to/Sjmif9 #Economicimpact #SHEIN #SHEINX

In our latest report, we estimate that SHEIN contributed €119 million to the Polish economy in 2023, supporting over 2,000 jobs. Beyond its retail operations, SHEIN’s activities have also served to increase customer access and visibility for independent artists and designers in Poland. Through initiatives like SHEIN X, younger designers, artists and businesses are able to tap into the global market, leverage technology, and scale quickly. Nearly eight in 10 designers surveyed by Oxford Economics felt that SHEIN X enabled them to expand their reach to a wider audience, with most selling internationally. Discover the full report here: https://okt.to/VFlmjS #Economicimpact #SHEIN #SHEINX

In our latest report, we estimate that SHEIN contributed €302 million to the Italian economy in 2023, supporting over 1,100 jobs. Beyond its retail operations, SHEIN’s activities have also served to increase customer access and visibility for independent artists and designers in Italy. Through initiatives like SHEIN X, younger designers, artists and businesses are able to tap into the global market, leverage technology, and scale quickly. More than half of the SHEIN X designers and artists surveyed by Oxford Economics felt that SHEIN X significantly enabled them to integrate technology and real-time insights into their end-to-end processes, from product design to sales. Discover the full report here: https://okt.to/8BhqM7 #Economicimpact #SHEIN #SHEINX

According to our latest report, SHEIN contributed €1.1 billion to the EU economy in 2023, through its operations in France, Italy and Poland, supporting over 6,100 jobs in the EU. Beyond its retail and logistics operations, SHEIN’s activities have also served to increase customer access and visibility for independent artists and designers in the EU. Through its SHEIN X and SHEIN Marketplace initiatives, the company is enabling small businesses and emerging designers to tap into the global market, leverage technology, and scale quickly, which aligns with the goals of the EU’s digital retail agenda—helping businesses embrace e-commerce, integrate advanced technologies, and improve customer experiences. Nearly two-thirds of SHEIN X designers surveyed by Oxford Economics said SHEIN was the place they learned to operate and sell on e-commerce platforms. Discover the full report here: https://okt.to/AYqQC4 #Economicimpact #SHEIN #SHEINX

Shein which was founded in China but is now based in Singapore, confidentially filed to go public last year. It was seeking a valuation of $80 billion to $90 billion, Bloomberg reported at the time. Shein's business model has been quite successful in the fast fashion industry. Here are some key aspects of their model: ✔️Agility and Speed: Shein excels in quickly responding to fashion trends and bringing new products to market. Their supply chain and production processes are designed for agility, allowing them to keep up with rapidly changing consumer preferences. ✔️Affordability: Shein offers trendy clothing at very low prices, making fashion accessible to a wide range of consumers. Their competitive pricing strategy has contributed to their popularity, especially among younger demographics and budget-conscious shoppers. ✔️E-commerce Focus: Shein operates primarily as an e-commerce platform, leveraging the power of digital marketing and online sales channels. By bypassing the costs associated with physical retail stores, they can offer lower prices to consumers while still maintaining high margins. ✔️Data-Driven Approach: Shein relies heavily on data analytics to understand consumer behavior, identify trends, and optimize their product offerings. This data-driven approach enables them to continuously refine their business strategy and stay ahead of the competition. ✔️Global Reach: Shein has a strong international presence, shipping products to customers worldwide. Their ability to reach a global audience has helped fuel their rapid growth and expansion into new markets. Speed ➕ Mass market ➕ E-commerce ➕ Data ➕ Global 🟰🏅 #ecommerce #IPOsuccess #successformula #shein

A few years ago, my tween daughter nagged me into dropping apx £100 in clothes for her at Shein. The clothes were in varying degrees of ok-ish to bad quality and the product sizing was all over. Almost all of pieces were slated to go back. But the returns process was a hot mess. A detailed diagram with different stages of customer experience and people to contact. Something like 10 stages. If you've ever had to collect a package from a Chinese postal dept, you'll know exactly what I mean. In fact, I'm pretty sure this is where they lifted their CX from. Fine for China, not fine for the rest of world. It was so taxing and such a bad experience, I just kept kept all the clothes forfeiting my £100 (It was before COL crisis). I put my foot down that I was never buying anything from Shein again. And I haven't, despite the teenage daughter constantly begging. Shein is great at top of the funnel to conversion, dialling into exactly what teen girls want. Absolutely rubbish at brand and customer experience. The things that keep customers coming back. And now, SHEIN is on a mission to take over the Western e-commerce platforms. I said it before and I'll say it again. For the China brands trying to expand into mature markets - from Shein, to Temu, to BYD… It's imperative they implement genuine localisation strategy, while maintaining what makes them great. And for China brands specifically, that means shaking the cheap 'made in China' perception overhang through genuine understanding of the local market, offering quality products with standardised western sizing, and a customer brand experience, including delivery and returns, that is seamless and friction free. #localisation #globaltolocal #localisationstrategy #globalmarketing

Apart from the ongoing debate around fast fashion and questionable work ethics, let’s take a moment to see how Temu and SHEIN are absolutely shaking up the U.S. e-commerce space with their killer discount models. 🛍️💸 I came across this interesting article and thought — why not break it down for you? While most U.S. companies are racing to deliver faster than ever, these two Chinese giants hit the pause button on speed and said, “How low can we go... with prices?” And it worked! 🤑 🔺 Shein grew from a $5 billion valuation in 2019 to a jaw-dropping $63 billion in 2023, all thanks to their "trends-at-your-fingertips" strategy and ultra-low prices. 🔺 Temu? Well, they reached a whopping $15.33 billion GMV in 2023, grabbing a 17% slice of the U.S. discount store market! 🔺 They’ve completely flipped the script, showing that for many shoppers, price beats speed — every time. Of course, there’s much more to the story (and a fair share of controversy), but there’s no denying how these companies are disrupting the market and changing consumer habits. What do you think — will their model hold strong or face more hurdles ahead? Full article- https://lnkd.in/g7TPtWYm #ecommerce #shein #temu #disruption #retailtrends #Innovation #marketstudy #stats #fastfashion #usa #discountmodel #saturdaypost

Great write up in The Times today by Sam Chambers about SHEIN. Despite its meteoric rise as a global fast-fashion leader, Shein [valued at a whopping $66 billion last year] faces intense scrutiny over its practices as it plans a possible London Stock Exchange listing. Shein’s ultra-low prices and popular, trendy offerings, defines fast-fashion, using - one assumes - advanced analytics and AI plus a vast network of suppliers to turn designs into products within a week. However, Shein has not assuaged concerns about environmental impacts, intellectual property rights, tax practices and worker exploitation which alongside geopolitical tensions continue to cast a shadow on their plans to float. Can fashion giant Shein pull off a blockbuster London float?: https://lnkd.in/e5ZRNuY6 The Firecracker and her friends have tried, and now shun Shein; but one could argue that it’s great to be able to afford to do so. So I asked IBM Consulting Advantage for some unbiased pros and cons as follows (the commentary is mine): • Affordable Pricing [very very low prices] • Vast Selection of styles and sizes [HUGE; listing, depending on source, something like 600,000 to a million items] • User-Friendly site and app • Rapid Fashion Turnaround [lists up to 10,000 new items daily] • Global Reach - And - • Quality Concerns [the products suffer from the fast-food-burger-illusion (never looks quite as delish as the picture lacking the mist of the first dew of the morning on the luscious lettuce or the mattress deep burger bun) and quickly go bobbly or fall apart] • Environmental and Ethical Issues [with respect to design, tax practices and worker exploitation (https://lnkd.in/e6bqfQCq)] • Long Shipping Times • Returns and Customer Service Issues, although returns are officially supported, the process and service is cumbersome • IP Concerns with accusations of copying designs #FastFashion #FashionIndustry #Sustainability #CorporateGovernance #LondonStockExchange #AI #GenAI #IBMRetail #IBMConsumer #FMCG #ConsumerGoods #Retail #RethinkRetail #RethinkRetailTopExpert RETHINK Retail

Recommended. How sustainable finance is needed. Urgently. The UN started to work on this in 2009, but... in the meanwhile action is needed with urgency. Otherwise we shall just sink into a sea of bank notes, credit cards, or just virtual assets. There will no water, no food, no life, but there will be money. #sustainablefinance