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Shein plans to launch first permanent physical outlet in France
Yahoo Finance· 2025-10-06 09:05
Core Insights - Shein is opening its first permanent physical stores in France, moving away from temporary pop-up locations [1] - The new outlets will be located in BHV department store in Paris and Galeries Lafayette stores in several cities [1] Expansion Plans - The BHV location is set to open in early November 2025, with additional launches in Galeries Lafayette stores to follow [2] - This expansion is in collaboration with retail property group Société des Grands Magasins (SGM) and is expected to create approximately 200 jobs in France [2] Opposition and Regulatory Challenges - Galeries Lafayette has expressed strong opposition to the arrangement, claiming it violates its franchise agreement with SGM [2][3] - The retailer intends to block the store launches, citing a conflict with its values and positioning against ultra-fast fashion [3] Regulatory Setbacks - In July 2025, Shein faced a regulatory setback, being fined €40 million by France's consumer watchdog for deceptive online retail practices [3][4] - The fine was due to misleading pricing tactics, where Shein used false reference prices to create an illusion of discounts [4][5] Environmental Legislation - The penalty followed a new law aimed at reducing environmental damage from ultra-fast fashion, which requires companies to disclose the environmental impact of their products [5][6] - This legislation is part of broader initiatives to tackle textile waste and pollution in the fashion industry [6]
Report: Suppliers Allege Boohoo Delayed Payments
Yahoo Finance· 2025-09-24 20:45
Core Insights - Boohoo is reportedly facing issues with its suppliers, including delayed payments and requests for stock delivery without prior payment [1][2] - The company is part of the Debenhams Group, which has been experiencing ongoing financial difficulties and supplier complaints regarding payment reliability [2][3] - Consumer dissatisfaction has also emerged, particularly concerning slow return processing times, leading to negative feedback on social media [3][4] Group 1: Supplier Relations - Boohoo has notified some suppliers that it is "running behind on payments" and has asked them to disclose stock they can deliver without payment for previous shipments [1] - A spokesperson from Debenhams Group indicated that a junior colleague had contacted a small number of suppliers for capacity planning, amidst ongoing payment issues [2] - Reports indicate that suppliers claim Boohoo owes them significant amounts, with one supplier stating they are owed "several hundred thousand pounds over a three-month period" [3] Group 2: Consumer Feedback - Customers have expressed frustration on social media regarding the lengthy processing times for returns and refunds, with some waiting over two weeks for refunds [4] - The company has faced criticism for not being as prompt in issuing refunds as it is in processing new orders, highlighting a gap in customer service expectations [4]