'Shein' becomes the world largest online-only retailer: Euromonitor International
29th August 2021, Mumbai:
Renowned online retailer from China, Shein has become the world’s largest online-only fashion retailer, as per a research by Euromonitor International
Shein has achieved the distinction on the basis of sales of goods under its own brand, says a report by Apparel Resources.
Shein’s app racked up more than 81 million downloads across the globe in the first six months of 2021 – and all this despite strong competition from fashion giants like H&M and Zara.
In May 2021 Shein had, reportedly, surpassed Amazon to become the most installed shopping app in the US, across the App Store and Google Play combined.
As per a report published in Bloomberg, in May Shein also became the most downloaded app in the US and across the globe with 17.5 million downloads.
Shein, which is present in 220 markets, offers apparels for women in sizes ranging from XS to 5XL, besides offering clothes for men and children, in addition to providing fashion and home accessories. This year, Shein’s valuation has, reportedly, touched £21billion.
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