27-10-2024 11:34 via retailgazette.co.uk

Shein and Temu growth rates set to plunge in 2025

Shein and Temu’s growth rates are forecast to drop next year, new data has found.
A report by research and advisory firm Forrester, which examined retail predictions for 2025, said the ecommerce giants would both witness a “plummet” in growth rates, despite “relentless” digital advertising and high-profile adverts, Retail Week reported.
The report found that while Shein and Temu were fast-growing, “complaints about quality of goods, unethical production proces
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