Shein cash giveaways similar to Temu’s raise data privacy issues Tech Fast-fashion giant Shein has launched a number of promotions on its app, such as "magic draw", "draw easily", "free gift", and "spin to win".
Temu owner PDD shares plunge after profit warning Tech Shares in Pinduoduo (PDD Holdings), the Chinese owner of discount retailer Temu, have plunged by nearly 29 per cent in New York in a move that has wiped $55bn (£41.6bn) off the company’s market value. The steep decline followed a warning from management about an impending nosedive in profits, causing investors to reassess the company’s [...]
Temu targets trademarked brands such as Dyson and Zara on Google and Bing Tech The majority of these targeted brands are retailers, including Zara, Rayban, Dyson, Curry's, and Marks & Spencer.
Dr Martens sues Temu over use of trademark on Google search April 14, 2024 Dr Martens filed the legal action against Temu filed at the High Court last week over alleged trademark infringements.
Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge February 26, 2024 Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market.
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.
Tim Martin’s Wetherspoons launches legal action against pub in rebrand scandal June 19, 2024 The lawsuit was filed to the Intellectual Property list of the High Court last Friday against Wetherspoons Ltd and its owner, Dominic Hartley.
Shein still keen to buy Topshop from Asos April 18, 2024 Fast-fashion disruptor Shein is reportedly still interested in buying Topshop from Asos, the former golden egg of Philip Green’s now collapsed Arcadia empire.
Currys bidding war: Chinese retail giant JD joins race as shares soar 33 per cent February 19, 2024 Chinese retail giant JD.com is the latest firm to consider buying Currys, as its board reveals it is in the “very preliminary stages” of exploring a takeover.
Amazon profits triple as layoffs fuel record sales surge October 27, 2023 Amazon has over tripled its profits and reported its highest level of sales since the pandemic-driven online shopping spree.