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Shein and Temu’s growth rates are forecast to drop next year, new data has found. The report found that while Shein and Temu were fast-growing, “complaints about quality of goods, unethical production processes, unfair advantages in shipping, and increased nationalism” meant they were targets of environmental groups and governments.
But through that period, we included things like additional global shipping destinations, we localised currency and payment options, and we selected local-language sites. We host and continue to host weekly watch parties where our in-house stylists can talk customers through each new drop and offer styling solutions and outfit tips.
In the first three months, for context, it had roughly as many weekly active users in the US as the largest fastfashion brand, Shein, and within 10 months had surpassed Shein in sales. In fact, February of 2023 had fewer sales than January, despite the really heavy advertising spend you mentioned. [10:47] Scot: [17:35] Got it.
Scot: [0:56] I had I am not a big sports ball person but I watched the Super Bowl every year for the commercials and I had, I know you’re the grand poobah of all things advertising and I had an ad question for you. You’re gonna end up making some ill-advised purchases and then it seems like everything dropships from factories.
No Live Streaming Commerce Still not meaningful in US in 2023 (less than 5% of social commerce in US) Yes Jason Total Score: 3 of 5 Scot : Amazon uses this 2022 setback/slowdown/reversion to the mean for a public resetting of expectations, but behind the scenes they take share and raise the bar on shipping. And that did not happen.
Scot: [50:37] Yeah I had a drop cam and I can never get the nest thing took over and. So I did a test order and exactly like wish the promise ship date was like 21 days. So instacart launched a whole sort of portfolio that they call the connected stores which are kind of all these back at back of house. [9:02]
Jason : Made to Order apparel business > 9 figures Yes Retailer offers viable health alt insurance option to consumers No Grocery E-Com > 10% someone deploys(not pilots) MFC Yes Amazon Shopify Competitor (shipping solution) No Retail Media > $20B Yes. Scot: [19:42] Boom drops the mic walk. Jason Total Score: 3 of 5.
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