Fast-fashion eCommerce marketplaces including Wish, Shein and relative newcomer Temu are reeling as inflation presses down and consumer buying behavior shifts, creating a drag on the sector and leading to revisions in critical operational elements to reignite momentum.
Link: Wish Seeks Escalation of Fast-Fashion Wars Amid Q4 Pummeling - PYMNTS.com
Anyone see Wish turning around? The site looks like the same junk to me.
Companies like Stripe missed their chance to go public, and sites like Wish went public via SPAC when they shouldn’t have. What is the world coming to?