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Shein implements stricter controls amidst regulatory fines
Yahoo Finance· 2025-10-10 10:58
Online fast-fashion retailer Shein is tightening its compliance framework after facing several penalties related to data privacy, misleading discounts and environmental claims, as reported by Reuters. The company, founded in China and based in Singapore, ships apparel and accessories to more than 150 countries and has faced regulatory scrutiny in multiple regions during its rapid global growth. In 2025, French regulators imposed a €150m ($174.53m) fine for unauthorised cookie data collection and an addi ...
Exclusive-Shein, hit with big fines, boosts internal controls
Yahoo Finance· 2025-10-09 13:23
By Helen Reid LONDON (Reuters) -Online fast-fashion retailer Shein is strengthening its controls after a string of fines over data privacy breaches, fake discounts and greenwashing, according to a letter to investors, internal memos and two sources with direct knowledge of the plan. Shein, which ships cheap clothes and accessories direct from factories in China to more than 150 countries, has grown to become the world's biggest fast fashion retailer by sales. But its rapid expansion has been accompanied ...
Shein plans to launch first permanent physical outlet in France
Yahoo Finance· 2025-10-06 09:05
Fast-fashion giant Shein is set to open its first permanent physical outlets in France as a trial initiative. This marks a shift from the China-founded and Singapore-based brand’s previous reliance on temporary pop-up stores in various cities. The new outlets will be housed within the BHV department store in Paris and Galeries Lafayette stores across Dijon, Grenoble, Reims, Limoges and Angers. The BHV location is scheduled to open in early November 2025, with subsequent launches in the Galeries Lafayett ...
Shein enters bricks-and-mortar retail in France, sparking backlash
Yahoo Finance· 2025-10-02 09:30
(Reuters) -Online fast-fashion retailer Shein plans to open its first bricks-and-mortar shops in France in November under an agreement with department store owner Société des Grands Magasins, a move that sparked criticism from French retailers. The stores in the BHV department store in central Paris and Galeries Lafayette department stores in five other French cities mark a new step for Shein, which has up to now only hosted temporary marketing-driven pop-ups around the world. SGM president Frédéric Merl ...
X @Bloomberg
Bloomberg· 2025-09-30 07:18
Financial Performance - Asos warns its full-year earnings would be at the lower end of expectations [1] Company Strategy - Asos is working on a complex turnaround plan [1]
Fast-fashion retailer H&M group closed 135 stores, but its profits and stock are soaring. Here's why
Fastcompany· 2025-09-25 18:41
SUBSCRIBE | FastCo Works LOGIN advertisement BY Sarah Fielding Listen to this ArticleMore info 0:00 / 0:00 As of August 31, the H&M group had 4,118 stores, compared to 4,298 at the same point last year. Stock price rises despite tariff warning Despite the concerning forecast, investors responded positively to H&M group's current earnings. Trading on the Stockholm Stock Exchange, the company's share price (STO:HM-B) jumped 10% through after- hours and into premarket trading Thursday morning. Subscribe to t ...
Report: Suppliers Allege Boohoo Delayed Payments
Yahoo Finance· 2025-09-24 20:45
Boohoo could be facing further issues with its suppliers. According to The Telegraph, the fast-fashion player sent notices to some of its suppliers to let them know it was “running behind on payments,” then requested that those suppliers disclose how much stock they would be willing to deliver without receiving payment for previous shipments. More from Sourcing Journal Boohoo is part of the Debenhams Group, which was previously known as Boohoo Group and also includes Debenhams and PrettyLittleThing, thoug ...
Pimkie Faces Legal, Industry Backlash Over Controversial Shein Deal
Yahoo Finance· 2025-09-18 13:52
PARIS — French high-street brand Pimkie’s announcement that it will partner with Chinese ultra-fast-fashion company Shein through its Xcelerator program has sent shockwaves through the fashion industry and is now facing legal action. Founders and former owners of Pimkie, Association Familiale Mulliez, announced it will file suit against the company alleging the Shein deal violates the terms of Pimkie’s 2023 sale and misuses 140 million euros of the funds made available to preserve the brand’s autonomy and ...
Shein Officially Launches Xcelerator Program; 22 Industry Organizations Hit Back
Yahoo Finance· 2025-09-16 10:00
PARIS — Chinese fast‑fashion platform Shein has officially launched its Xcelerator program in France, the U.K. and China, with French high-street brand Pimkie among its first partners. The program is structured as a joint venture, and aims to help both legacy fashion brands and emerging designers scale digitally and expand internationally while maintaining control over their IP. More from WWD Pimkie chief executive officer Salih Halassi said the partnership is part of his recovery strategy aimed at return ...
Inditex's Financial Performance in the Fast Fashion Industry
Financial Modeling Prep· 2025-09-10 15:00
Core Insights - Inditex, a major player in the fast fashion industry, owns brands like Zara and is known for its rapid trend adaptation [1] - The company reported earnings per share (EPS) of $0.14, below the estimated $0.22, while revenue reached approximately $11.83 billion, exceeding the estimated $10.25 billion [2][6] - Recent performance indicates challenges in the fast fashion sector, particularly due to cautious consumer behavior in key markets like the U.S., although there was an acceleration in sales growth in August [3] Financial Metrics - Inditex has a price-to-earnings (P/E) ratio of 11.34, a price-to-sales ratio of 1.72, and an enterprise value to sales ratio of 1.71, reflecting market valuation relative to sales [4] - The company maintains a strong financial position with an earnings yield of 8.82%, a debt-to-equity ratio of 0.31, and a current ratio of 1.35, indicating good liquidity and low debt levels [5][6]