That’s why Shein is so successful
The Chinese Shein is only ten years old, but it has already become the world’s largest fast fashion clothing brand, surpassing the Spanish Zara and the Swedish H&M.
With the spread of e-commerce, shops focused on online sales appeared alongside traditional fast fashion stores, but Shein went even further. It uploads seven to eight thousand new clothes every day, making it the biggest player in the field of so-called real-time retail. The store’s primary reach lies in its low prices, which make things accessible to everyone, G7 points out. Although the price of this is poor quality, customers are willing to put up with this disadvantage for the low prices.
The average Shein product costs $14, from socks to winter coats. During the continuous promotions, you can also buy HUF 1,000 dresses and HUF 2,000 jeans. Compared to H&M’s average price of $26 or Zara’s $34, Shein clearly has a competitive advantage with its pricing policy.
Related news
Temu and Shein in the crosshairs: Chinese marketplaces could be blacklisted
Chinese online marketplaces – including Temu, Shein, and AliExpress –…
Read more >Shein’s UK subsidiary had a strong year, but serious risks cloud the outlook
Shein’s UK subsidiary has posted strong growth in 2024 as…
Read more >Primark: interest remains high, but no decision on new store openings
Primark opened its first store in Hungary last May to…
Read more >Related news
Gergely Gulyás: margin freeze extended until November 30
The margin freeze will be extended until November 30, the…
Read more >The tightening of the mall ban affects a narrower circle, but it can still put a burden on retailers
According to a recent analysis by international law firm Taylor…
Read more >World instant noodle soup consumption sets new record – Hungary stable in TOP50
The world’s instant noodle soup consumption has reached a new…
Read more >