Did Shein overtake Zara?

In the first quarter of 2022, the EU has reinforced its fight against fast fashion and throwaway culture. A couple of days later, Shein was raising over $1 billion, with a market valuation now surpassing those of H&M and Zara combined.

Did Shein surpass Zara?

Shein sales last year surpassed Zara and H&M. Shein, the Chinese fast fashion company popular in the US, recorded $32.2 billion in sales. To give you a sense of scale, Zara's sales came in at $28 billion, and H&M's at $22 billion. Under EU regulations, Shein will face more scrutiny alongside companies like Amazon.

Who is the biggest competitor of Zara?

Are Zara and Shein the same company?

Online shopping has taken the world by storm in recent years, with Shein and Zara being two of the biggest retailer's on the market. However, it's clear that the two different stores have very different price points, with the latter being considered to be way more up-market.

Is Shein bigger than H&M?

Yes, Shein is bigger than H&M in revenue and market share: Revenue: Shein's 2024 revenue is $38–$48 billion vs. H&M's ~$22 billion (2022). Market Share: Shein holds 18% globally and 40% in the U.S., compared to H&M's 5% globally.

Inside Shein’s factory village

Why is H&M suing Shein?

Other fashion brands or retailers have accused Shein of copyright infringement. H&M sued Shein last July, alleging Shein stole the company's intellectual property and sold counterfeit products. Dr.

Is Shein bigger than Primark?

The Chinese-founded firm - which also sells a huge range of beauty and home products - doubled its profits to more than $2bn (£1.6bn) last year, making more than the Swedish fashion group H&M and the UK's Primark and Next. Today, it ships to customers in 150 countries across the world.

Is Zara owned by H&M?

Zara is the youngest of the trio, having begun in Spain in 1975. The company is owned by textile giant Inditex and is its flagship brand.

Which brand owns Shein?

Shein is owned by parent company Nanjing Lingtian Information Technology, although the company's ownership is frequently branded a mystery. It remains a private company, with four major shareholders so far: JAFCO Asia, IDG Capital, Sequoia Capital China, and Tiger Global Management.

Which is cheaper, Amazon or Shein?

This is achieved through efficient supply chain management, bulk purchasing, and direct-to-consumer sales, which eliminate many intermediary costs. As a result, Shein's prices are generally lower than those of similar products on Amazon.

Who are the sister companies of Zara?

The largest fast fashion group in the world, it operates over 7,200 stores in 93 markets worldwide. The company's predominant brand is Zara, but it also owns a number of other brands including Zara Home, Bershka, Massimo Dutti, Oysho, Pull&Bear, Stradivarius, Uterqüe.

Who is Zara's ideal customer?

ZARA's target consumer is often between the ages of 18 and 40, with a medium-high income. Furthermore, it targets customers based on their fashion awareness. They are frequently busy individuals, which is taken into account in ZARA's strategy, which aims to get customers to buy on impulse.

Is COS owned by Zara?

COS is a fashion brand in the H&M Group, which includes H&M, Other Stories, Monki, and Arket.

Is Shein losing popularity?

Even before the impending price hikes, consumer enthusiasm had begun to cool. The percentage of consumers shopping on Shein weekly dropped 8% between April 2024 and February 2025, while monthly shoppers decreased 11%, per Omnisend data. Weekly Temu shoppers fell 19% and monthly shoppers fell 19% during that same time.

Is Shein bigger than Asos?

Shein has overtaken Asos in the UK for the first time as sales at the Chinese fast fashion giant surged to more than £2bn. The fast fashion company revealed a 32pc jump in its UK sales in its latest financial year.

How popular is Shein in the UK?

Shein's UK sales soared by a third last year creating a huge profit boost for the Chinese fast-fashion giant. The brand's sales to UK shoppers hit £2bn, pushing its profits up by 57% compared to 2023, its full year accounts for 2024 show.

Is Shein closing down in 2025?

As of now, there is no such thing as a official affirmation from Shein relating to plans to close down in 2025.

Who has Shein stolen from?

Three artists — Krista Perry, Larissa Martinez and Jay Baron — allege Shein made exact copies of their work without their knowledge, behavior that is part of a larger pattern of unethical business practices, including decimating the environment, fostering unsafe working conditions and avoiding paying taxes.

Why is it called Shein?

The firm's name changed again in 2015 from Sheinside to Shein, claiming that it needed a name that was simpler to remember and easy to find online. By 2016, Xu gathered a team of 800 designers and prototype makers that manufactured Shein-branded clothing.

Is Zara like Shein?

Zara is much older than Shein; it was founded in 1975 in Spain by Amancio Ortega and Rosalia Mera. And unlike Shein, Zara had always aimed to be a fast fashion brand. From its inception, it became a hit among consumers by offering low-cost versions of popular and expensive clothing.

Is Zara Turkish owned?

Zara is owned by Inditex, the world's biggest fashion retailer, which runs a string of store chains including Massimo Dutti and Pull & Bear. It relies on 1,800 suppliers across the world, but nearly all the clothes are brought to Spain where the company is based, to be despatched to stores in 97 countries.

Who owns Shein?

Shein is a private company, so it doesn't have publicly traded stock. It was founded and is owned by its current CEO, Chris Xu. According to reports, he's the biggest shareholder of the company. Other major investors include Sequoia Capital China, Tiger Global Management, and IDG Capital.

Is Shein high or low quality?

An Overview of Shein's Quality

Though Shein has kept a check on the sellers, multiple issues have still been reported with clothes made of cheap fabric or polyester. Still, based on the reviews, Shein offers better quality at affordable pricing compared to Temu.

Is Temu fast fashion?

“France's Senate passed groundbreaking legislation targeting ultra-fast fashion brands like SHEIN and Temu, marking the most radical regulatory attempt yet to tackle the environmental crisis in fashion,” wrote Lubomila Jordanova, Founder and CEO of Plan A, on LinkedIn.

Why is Shein so expensive now in the UK?

Now, with tariffs impacting imports from China, Shein and a host of other Chinese companies have been forced to address pricing, with some products reportedly increased by up to 377%. “Due to recent changes in global trade rules and tariffs, our operating expenses have gone up.