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📈 Business
Tariffs gut Shein's low-price model as shoppers flee after price hikes
Shein, which built its success on ultra-low prices, is losing shoppers after new tariffs and changing regulations forced it to raise prices. The tariff-driven price hikes have put the company's entire low-cost business model under existential threat. The retailer is now shifting focus toward services as it looks for new revenue streams to offset the impact.
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