Daily Newsletter

08 July 2024

Daily Newsletter

08 July 2024

Shein, Temu should be unfazed by EU plan to close import tax loophole

The European Commission's plan to scrap the EU's €150 import tax loophole is said to be targeting ultra fast fashion giants Temu and Shein, however an industry expert suggests the companies will still remain cheaper than competitors so impact will be limited.

Laura Husband July 08 2024

There are concerns an end to the import duty loophole could hamper Shein’s profit margin and plan to list on the London stock exchange. Credit: Shutterstock.

Stay informed for just £1! *

Subscribe to Just Style for expert insights and unbiased coverage of the apparel industry’s hottest topics, empowering you to stay ahead with informed strategies.


What’s included in your subscription:
  • Unlimited access to Just Style content including in-depth analysis, exclusive blogs, industry executive
    interviews and management briefings
  • Unbeatable market coverage from apparel sourcing and supply chain issues, to emerging markets and
    manufacturing
  • Unrivalled apparel industry comment from leading sector specialists

Ready to stay informed? Subscribe now and gain access to exclusive content.

Subscribe

Have a subscription? Sign in

For further details on subscribing, click here. Need multi-user access? Explore our corporate subscriptions now.

*After your 1-month trial, your subscription will continue at £299 per year.

Luxury Apparel Market Overview

Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies. Per our analysis, Hermes emerged as the uncontestable winner within the luxury apparel market, growing its share at an exponential rate in 2023.

Buy report

Newsletters by sectors

Sportcal open-new-tab

Retail Insight Network open-new-tab

Packaging Gateway open-new-tab

View more newsletters

Sign up to the newsletter

I consent to Verdict Media Limited collecting my details provided via this form in accordance with Privacy Policy

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close