Coresight research estimates in 2025 will have another wave of retail closure because heritage companies are facing relentless competition.
E -commerce sites founded in China TEMU and Shein, which offer goods by intense trading, have announced that it will raise US consumer prices next week. These notifications were made in response to the President Donald Trump The executive guidelines, which are due to finish a tariff hole next month in low -value imports.
Sheen, A. Fashion fashion retailer Singapore based is now raising its prices from April 25 and encouraging buyers to buy their products “now at today's rate”.
Several media reported that TEMU, owned by the Chinese E -Commerce Company PDD Holdings, also sent a similar warning.
“Our operating costs have increased because of recent changes in world trade laws and tariffs,” Shin said in a statement. “To continue the products you like without endangering the quality, we do the price setting from April 25, 2025.”
Pressure of the shin, Temeu accelerates retail closure
A woman receives her order from Sheen's Quick E -Commerce Company. (Rodrigo ARAGUA / AFP / Getty Images)
“By April 25, prices will remain the same, so you can buy at today's rate.” Sheen continuedHuman beings “We are ready to make sure your orders will be easily arrived during this time.”
It is still unclear how expensive these goods will be. Shin is currently selling his clothes between $ 6 and $ 91, while TEMU sells them for between $ 2.48 and $ 210 anywhere.
It is also unclear why the two rivals have issued almost the same statements that show details of price increases.
How the Trump tariffs used the hole used by Chinese retailers
Teemu and Shein are both known for selling goods in a severe deal. (Ben Montgomery / Getty Pictures)
In recent years, two buying systems have been greatly successful among American buyers. Both retailers send an average of one million packages a day to the United States, according to Shipmatrix package.
Shin and Temu rapidly grew in the United States thanks to the “de minimus” exemption that allow unpaid entry for goods below $ 800. However, Trump's recent suppression of low -value imports has pushed retailers to change their business models.
TEMU and Shein are expected to raise their price from April 25. (Nicolas tucat / AFP / getty images)
Earlier this month, Trump signed an executive order to close the “De Minimis” customs exemption on May 2.
Trump 'will be eliminated without duty treatment for low imports From ChinaAccording to a statement from the White House on April 2, one important step in dealing with the current health emergency is caused by the illegal flow of artificial opiate material to the United States. ”
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Order also part of the wider effort to correct Commercial imbalance Between the two largest economies in the world.
Both companies have faced pressure from lawmakers, organizations, and even consumers in the United States, referring to the potential environmental disadvantages or abuse of work related to fast fashion products.
Reuters was involved in this report.