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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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SHEIN

🌎 sheingroup.com

SHEIN is a global online fashion and lifestyle retailer headquartered in Singapore, specializing in affordable apparel and products across various categories including women's, men's, children's, home, and beauty. The company operates with a unique business model that emphasizes on-demand production and a digital supply chain, making fashion accessible to all while promoting sustainability and partnerships within the industry.

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SHEIN - Latest News and Updates

• SHEIN is expanding its marketplace to include Spanish brands and sellers to enhance product variety and delivery times in Europe.
• SHEIN's net margin dropped to 2% in the first half of the year but reportedly rebounded to 8% in the last quarter, according to a letter from the company to investors.
• SHEIN has expanded its product range beyond clothing to include home goods like storage sheds, as part of its global integrated marketplace launched in 2023.
• In 2023, SHEIN achieved over $32 billion in global sales, surpassing both Walmart.com and Amazon.com in the U.S. with over $14 billion in sales.
• SHEIN Distribution Corporation has overcome obstacles and achieved new goals with a committed team.

• SHEIN is gearing up for Black Friday with a focus on procurement, hiring, and supplier management.
• SHEIN is actively supporting men's health awareness through their November Blue campaign.
• Dan Chiao, Head of U.S. Commerce Engineering at SHEIN, spoke at Georgia Tech's TechForwardMBA Conference about optimizing the digital customer experience.

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