Why Chinese brands like Shein and Temu will dominate Black Friday

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Why Chinese brands like Shein and Temu will dominate Black Friday

//business-finance.news-articles.net/content/202 .. e-shein-and-temu-will-dominate-black-friday.html

Published in Business and Finance on Friday, November 29th 2024 at 17:30 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The e-commerce giants saw sales jump in the first half of November, while shoppers spent slightly less at major US retailers.

Orbitz

The article from Yahoo Finance discusses the rapid rise of Chinese e-commerce brands like Shein and Temu in the U.S. market, attributing their success to several key factors. Shein has become particularly notable for its fast-fashion model, leveraging social media and influencer marketing to capture the attention of younger consumers with trendy, affordable clothing. Temu, on the other hand, has gained traction by offering a wide array of products at low prices, directly challenging established giants like Amazon and Walmart. Both companies benefit from China's manufacturing capabilities, allowing for quick production and low costs, which in turn enables them to offer competitive pricing. Additionally, their aggressive marketing strategies, including heavy investment in online ads and promotions, have helped them penetrate the U.S. market. However, their expansion has not been without challenges, including concerns over labor practices, environmental impact, and intellectual property rights, which are increasingly coming under scrutiny.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/why-chinese-brands-shein-temu-145104250.html?fr=sycsrp_catchall ]