Pleased to see I’m far from alone in trying to avoid American products (This un-American life: can you really divest yourself of everything from the US?, 19 April). Mostly there are alternatives. There is no need to make your own cleaning products – for example, there are Bio-D and Faith in Nature. I have a Kobo e-reader and a Doro phone. A good source of alternatives is Ethical Consumer magazine.Ruth ClancyWhaley Bridge, Derbyshire For someone who sees nothing wrong in saying the US wants Greenland, no wonder Donald Trump thinks…
Tag: Retail industry
Temu and Shein warn of US price hikes from next week due to Trump tariffs
Two of China’s largest fast fashion retailers, Temu and Shein, have warned US customers that they will face price increases from next week, as Donald Trump’s hefty tariffs on Chinese imports come into force. Both companies will be hit by new import levies, which will mean taxes of up to 145% being applied to Chinese goods. They will also suffer from Trump’s cancellation of the “de minimis” exemption, under which shipments worth less than $800 (£600) could be imported duty-free. That exemption was crucial in helping the low-cost retailers make…
Fast fashion retailer Shein doubles profits as it awaits IPO approval
Shein, the online fast fashion retailer founded in China, has more than doubled its profits to more than $2bn (£1.6bn) as it awaits approval for a stock market listing in New York or London. The company, which is growing rapidly around the world by using social media to promote its goods, recorded sales of about $45bn last year, according to a report in the Financial Times based on information from sources close to the company. Shein, which has moved its headquarters to Singapore, is among the most profitable fashion companies…
Uniqlo sues Shein over ‘imitation’ banana-shaped ‘it’ bag
Uniqlo is suing the Chinese online retailer Shein over the sale of items it claims copy its popular banana-shaped it-bag, the “round mini”. The petition demands Shein immediately stop the sale of “the imitation products” and compensation for damages incurred as a result of their sale. It was filed last month in the Tokyo district court against the fast-growing business’s parent groups Roadget and Fashion Choice, as well as Shein Japan. Uniqlo said it had filed the complaint “because it has determined that the form of the imitation products sold…
Harrods opens private members’ club in Shanghai costing £16,500 a year
Harrods has opened a private members’ club in Shanghai that offers 250 super-rich people exclusive access to Gordon Ramsay’s first restaurant in China, a bar stocked with rare Scotch whiskies, and the Knightsbridge department store’s own-brand private jets. The retailer opened the private club, which charges minimum annual fees of 150,000 yuan (£16,500), as part of its drive to connect more with wealthy Chinese people as spending by its traditional customer base stagnates. The club, called the Residence, is located inside Shanghai’s historic Cha House where Harrods already operates a…
Online retailer Temu sues rival Shein, alleging ‘mafia-style intimidation’
The Chinese-owned online marketplace Temu has sued its rival Shein, alleging that the fast fashion giant “bullied, intimidated, and even detained” suppliers in China as part of a campaign of “mafia-style intimidation”. Reigniting an acrimonious legal battle, Temu accused Shein of trying to “illegally interfere” with its business and going so far as to confiscate merchants’ cellphones during meetings to obtain access to confidential information. Suppliers doing business with Temu have been threatened with penalties by Shein, WhaleCo Inc – which operates in the US as Temu – alleged in…
China overtakes US as branded coffee shop capital of the world
The branded coffee chain craze may trace its roots to a single Starbucks in Seattle’s Pike Place market in 1971, but now China has toppled the US as the country with the most branded coffee shops. The number of branded coffee shops in China increased by 58% over the past 12 months to a record 49,691 outlets, according to research by World Coffee Portal. That was more than 9,000 in excess of the 40,062 in the US, where the market grew by just 4%. The US had held the crown…
‘Substantial volume’ of clothing tied to Uyghur forced labour entering EU, says study
A “substantial volume” of clothing tainted by the use of Uyghur forced labour is entering the European Union market, according to a report, as campaigners say the EU’s checks are not doing enough to weed out coercive work from large supply chains. Dozens of well-known brands including H&M and Zara are identified as being at high risk of sourcing materials, particularly cotton and PVC, made by Uyghurs compelled to participate in state-imposed labour transfer programmes, according to a report from Uyghur Rights Monitor, Sheffield Hallam University and the Uyghur Centre…
London losing out to Paris and Milan over tourist shopping, says Burberry
Burberry has reported a sales surge of almost a fifth thanks to a bounceback in China, but the luxury British fashion brand has warned that London is losing out to rivals such as Paris and Milan, which are enjoying a stronger tourist shopping boom. The British fashion brand, best known for its signature check bags and raincoats, said that global sales grew 18% year on year to £589m in the quarter to 1 July – its fastest growth rate in two years. The company pointed to a strong sales recovery…
Rush for bags and scarves helps Burberry offset China Covid slump
Burberry offset a plunge in Chinese sales of more than a fifth amid Covid disruption, thanks to the return of tourists to Europe who snapped up bags, scarves and trenchcoats in the run-up to Christmas. The British luxury goods firm reported a 1% increase in global sales in the three months to the end of December, below its 2% target and sharply down compared with the 11% growth reported in the previous quarter. Burberry sales plunged 23% year on year in mainland China because of Covid lockdowns followed by a…