Shein first tried going public in 2020, but consumers have raised concerns around the fast-fashion giant’s environmental and labor practices.
Allbirds is now an AI company. Everlane got bought out by fast-fashion house Shein. The optimism that defined retail in the 2010s has been sold away.
Shein, which has had trouble going public, could be trying to remake its image.
The tariff on imported goods under $800 is still in effect even after a recent U.S. Supreme Court ruling.
Since the de minimis exemption was abolished four months ago, the number of parcels coming to the U.S. worth less than $800 has fallen by 54%.
Shein and Temu are among those that have hiked prices.
The fast fashion retailer declared bankruptcy this week, for the second time in six years.
Analysts say this could be a bid for the retailer to compete more directly with ultra-low-cost sites like Temu and Shein.
The apparel maker was recently valued at $100 billion, more than competitors Zara and H&M combined.
