In its decade of doing business, Shein has grown rapidly by winning over shoppers with its tough-to-beat prices and kaleidoscope of new merchandise. Along the way, the e-commerce retailer has also gained vocal critics who have questioned, among other things, its connection to China, accused it of stealing designers’ works and pointed to how its cheap merchandise contributes to environmental waste.Shein, for the most part, has been tight-lipped through it all. Now, the company is looking to change the perception of its business and practices ahead of its expected filing for an initial public offering.It has poured millions of dollars into initiatives that seek to address the longstanding criticisms as a way to earn good will. In the process, Shein is positioning itself as a retail juggernaut with whom industry stalwarts will inevitably have to share space.“We’re trying to engage with lots of stakeholders,” Pete …
Browse
Business Central
Accelerate growth with 1BusinessWorld's Global Business Profile
Sign up for free or use coupon code 1BW50 for 50% discount on your subscription
Sign up nowLatest Business News
- The Future of Hospitality: Lifestyle Hotels and Private Members’ Clubs Leading the Way (12/13/2024) - Judy Chen of Dream Hotels Reveals How Design, Community, and… Read more...
- Seeing Around Corners: A Blueprint for Success in Business and Life (12/10/2024) - Strategic Foresight, Resilience, and Purpose as Pillars of Transformational Leadership… Read more...
- Precision Medicine in Women’s Health: Beyond Traditional Boundaries (12/4/2024) - Power Players in Precision Medicine At the forefront of a… Read more...
- Democratizing Commerce: A Powerful Vision for Shared Prosperity (12/3/2024) - Empowering Small Businesses, Driving Wealth Creation, and Building a Collaborative… Read more...
- Safeguarding the Future: How AI is Transforming Homeland Security and Redefining Resilience (12/2/2024) - AI and Homeland Security: Navigating the Intersection of Opportunity and… Read more...
- Global Tourism Reimagined: Building Bridges for a Brighter Future (12/1/2024) - Building Bridges in the New Era: Annette Cardenas Advances Global… Read more...