Lithuanian-founded online marketplace for buying, selling and swapping secondhand fashion
Shein’s Hong Kong listing has been priced with a valuation of 202-210 billion HKD ($26-27bn), well below the $100bn private peak reached in 2022. IPO proceeds could reach up to HK$14bn, with 90% of shares offered to overseas investors. Ongoing trading has seen the shares dip and recover in early sessions as markets digest tax changes and weak consumer sentiment.
Ofgem has confirmed the energy price cap will increase by 13% from July, pushing typical annual bills to £1,862. The shift is driven by higher wholesale gas prices amid the Middle East conflict. About 40% of accounts are on fixed tariffs and are unaffected. Households are advised to consider fixed deals and smart-meter off-peak pricing.
A series of large-scale seizures across the UK have disrupted counterfeit football shirts tied to the World Cup. Authorities warn the suppliers and criminal networks behind fake gear are linked to safety risks and broader crime. Fans face higher prices for official kit as prices rise across clubs; experts urge buying official gear to protect safety.
Multiple fashion outlets report a rise in kitten-heel flip-flops, blending comfort with a subtle lift. Gen Z is driving demand, with high street retailers and luxury brands expanding styles to meet the trend.
Tokyo is debating allowing shorts in offices as part of the Cool Biz drive to beat heat and cut energy use; opinions are divided, with concerns about gender fairness and leg hair etiquette. A June Gorilla Clinic survey shows both support and opposition among workers, amid rising summer heat and energy costs.
A regional retail shift is underway as thrifting and secondhand platforms expand, reshaping consumer habits. From zombie malls facing decay to a thriving Nordstrom Rack expansion, readers see how tech-enabled resale and high-end outlets co-exist, while shoppers recalibrate where they buy clothing.
Inditex’s Lefties opens its first UK store in Liverpool, featuring robotics to sort clothes and a new online-first proposition. The move, part of a broader UK expansion, targets a budget-conscious segment and faces competition from Primark, Shein and others. The retailer plans more UK outlets based on early performance.