Why was SHEIN successful? A growth model that stirs up pros and cons, deciphering it with five elements

*This article is from Glossy, a media that reports on the latest trends in the wellness industry from a global perspective.

Ultra-fast fashion brand SHEIN is one of the most controversial brands due to its carbon-intensive production style and overall lack of sustainability certification. It has now surpassed Zara and Nike to become the most Googled brand in the world.

China-based Shiin’s valuation reached $100 billion in April 2022. A whopping 40% of fast-fashion sales in the U.S. in March 2022 will come from see-in, according to a study by Bloomberg Second Measure. The 14-year-old company’s revenue is growing at 57% annually, according to data from Coresight Research. Meanwhile, Seein’s 20-year-old competitor, ASOS, is growing at about 20% a year.

There are several factors in See-in’s success, as outlined below. But the strategy that has made the company so successful is plagued by issues such as workers’ rights, overproduction and a lack of commitment to sustainability.

Seein uses AI to predict changes in consumer interest

Source: BusinessInsider

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