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Shein and Temu just started raising prices ahead of new tariffs | CNN Business

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"Cheap goods" sold on Temu and Shein aren't as cheap as they were 24 hours ago.
The article from CNN dated April 25, 2025, discusses the price increases implemented by fast-fashion giants Shein and Temu, attributing these changes to rising production costs and shifts in global trade dynamics. Both companies, known for their ultra-low prices, have seen significant adjustments in their pricing strategies, with Shein increasing prices by an average of 15% and Temu by about 10%. These hikes come amidst challenges such as increased tariffs, higher labor costs, and supply chain disruptions. The article also notes that despite the price increases, both Shein and Temu remain competitive within the fast-fashion market, although some customers have expressed dissatisfaction with the changes. Additionally, the piece touches on how these companies are navigating sustainability concerns and regulatory scrutiny as they adapt to the new economic landscape.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/25/business/shein-temu-price-increase/index.html ]