The Ledger
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Evans: US De Minimis Rule Gives Temu a Massive Tax Advantage
“There is a rule in the US that for orders of a value of less than 800 dollars, there's no import taxes or different, much less, or different import taxes. And so if you were running a store in the U.S. And shipping a shipping container full of garments to Amer…”
Evans: Temu and Shein Accounted for $4 Billion of Meta's Revenue
“10% of revenue, five percent of revenue growth. And so that's about four billion dollars, and so apparently half of that was Temu, and well, presumably quite a lot of the rest was Shein.”
Evans: Shein surpassed Zara and H&M combined in US sales
“No, Ernest, which is this company that does credit card, aggregates credit card bills, sort of said it's now the same size as Zara and H&M, and now, at the end of last year, it's bigger than Zara and H&M combined in US purchasing”
Cowan-Brown: Shein turns around fashion production in two to three days
“Unlike Zara or Asus, and most people have gotten familiar with their e-commerce model and being able to turn things around in two or three weeks. Shein is turning things around in two or three days, which is absolutely insane.”
Evans: Shein is the biggest US fast-fashion brand without physical stores
“Obviously, Shein at the Extreme doesn't have any stores, and it's the biggest fast fashion brand in the USA.”
Evans: Shein adds more SKUs every day than Zara carries in total
“Whereas Sheehan added something over 50,000 in the last seven days alone. And they add sort of seven, 8000 every single day. So they add more every day than Zara has in total.”
Brown: Shein tests 2,000 items daily with 100-unit production runs
“The Shein inventory is like something like 2000 new pieces of clothing every day. And I hadn't realized that the way their process was done was very much like work on demand, that they produce a hundred of every item, and the moment the item does well, then th…”
Evans: Shein's US sales likely eclipse Zara and H&M combined
“And, you know, so it's not a tech company in that sense, but this is a company that nobody had heard of two or three years ago that, you know, is probably bigger than Zara and H&M combined in the USA now.”
Evans: In March 2023, four of the top five iOS apps were Chinese.
“Somebody pointed out a couple of, a week or two ago that like four of the top five free apps on the iOS app store were Chinese, and so it's TikTok, but it's also Shein and Temu and CapCut from memory”
Evans: 'Shein Haul' hashtag has 5.3 billion views on TikTok
“So if it goes into TikTok hashtags, Sheehan Hall has 5.3 billion views, which it sounds like a lot to me.”
Evans: Shein ranks second only to Amazon in US teen brand survey
“Piper Sander does this study of US teenagers, and so what's the favorite brand, and for the last, like, four quarters, Shein, you could see it marching up every quarter, or every, every, every six months, it's a six-monthly survey, and the last two or three su…”