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Temu owner sees profit plunge
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Temu and Shein Might Just Be ScrewedTemu’s last quarter may plausibly be its worst, in tariff terms — the Trump administration has already de-escalated somewhat on broad tariffs and cross-border postal fees — but anything short of a ...
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Temu sent my last shipment with no extra tariff fees. What happens the next time I want to place an order?Any of those things would be a huge change from how Temu does business now ... such as Europe." Already, Temu and Shein in April sharply boosted their advertising in Europe, Reuters reported.
Temu’s parent company, PDD Holding, saw shares fall about17% on Tuesday morning after reporting a major first-quarter ...
"Due to recent changes in global trade ... potential downfall of Shein and Temu, pointing to the many accusations of inappropriate labor practices, deceptive marketing and reliance on cheap ...
Without the constant advertising presence, Temu’s and Shein’s apps have fallen ... had cut back on spending because of the changes to the shipping loophole. The company declined to provide ...
REUTERS That strategy change came as the firms rushed ... and 115% in France and 20% in the UK for Temu, according to the data. That advertising push has already helped Shein and Temu secure ...
Shopping on Temu for items at bargain prices has been ... and a meat shredder rose from $2.91 to $9.02 (219% increase). These changes are part of a broader trend where US shoppers are facing ...
Temu, which is owned by the Chinese e-commerce company PDD Holdings, said that its operating expenses have gone up “due to recent changes in global trade rules and tariffs.” As of Friday ...
NEW YORK, May 5 (Reuters) - Shein and Temu, fast-fashion e-commerce platforms that ship merchandise from China, boosted their spending on digital ads in Europe in April, data from market ...
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