Tech Insider : Economy
Young woman opening a parcel
The "high" Gen Zers experience from Shein hauls doesn't last long (stock photo).
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Shein
Shein more than doubled its profits for the 2023 fiscal year, The Financial Times reported.
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Chiara Verzella and Giulia Izzo pose in Shein clothes in front of a branded step and repeat.
Influencers Chiara Verzella and Giulia Izzo attend a Shein fashion show in Ibiza, Spain. Shein is valued at $66 billion, and it generated $23 billion in revenue last year.
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a woman in a blue bikini poses in front of a Shein backdrop
TV personality Sofia Suescun attends a Shein event in Ibiza, Spain. Influencers have helped boost the fast-fashion brand's popularity.
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Gen Z'ers engaging in online shopping, using browsers that display designer bags with budget-friendly price tags
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flat lay image of Amazon package, pink heels, checkered pants, and a claw clip
Amazon will reduce seller fees on clothing under $20.
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the author takes a selfie holding up a GU shopping bag
I went shopping at GU to see why it's become popular among Gen Zers.
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Shein website alongside picture of Forever 21 store
Shein is leaning into third-party sellers to expand its product offerings and now is partnering with Forever 21.