Chinese retailer Temu's entry has led to a surge in digital marketing costs for Takealot. The World Retail Congress in Paris discussed global retailers' expansion potential through Shein-style fast fashion and the Middle East, posing challenges for the sector amid tightening consumer spending and the rise of fast-fashion giant Shein. South African online fashion retailer Zando has launched an international e-commerce division to compete with Chinese fast fashion e-commerce retailers.
WATCH: South African online fashion retailer Zando has launched an international e-commerce division as it takes on Chinese fast fashion e-commerce retailers at home https://t.co/8Fhrllf2dD https://t.co/9buyzgWa3g
From @breakingviews: Global retailers are in a tricky position. Shoppers in main markets like China and Europe are tightening spending while fast-fashion giant Shein, embodying rampant consumerism, is rapidly selling cheap tops and shoes, says Aimee Donnellan #BVTV https://t.co/kLEd2KBygy
From @breakingviews: Global retailers' scope for expansion via Shein-style fast fashion and the Middle East were hot topics at an industry event in Paris. Both raise tricky questions for the sector, Aimee Donnellan says #BVTV https://t.co/tbpJAkG2PD
๐บ Retailersโ scope for growth via Shein-style fast fashion and the Middle East were hot topics at the World Retail Congress in Paris. Yet the two raise tricky questions for a sector that talks a good game on ESG issues, @aimeedonnellan says. Watch ๐ https://t.co/0w1f03Yrij https://t.co/oK7dq0QpGn
News24 | Chinese retailer Temu's entry causes digital marketing costs to soar, says Takealot https://t.co/6fmtf0vC9a