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”
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.”
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.”