According to the source, Shein has been a leading force in the fast fashion industry in terms of sales growth. The online fast fashion retailer from China had a peak in sales growth in the first quarter of 2021 with an increase of 341.9 percent. In comparison, the fast fashion market, excluding Shein, saw a 61.2 percent sales increase in that same quarter. In Q2 2023, Shein's sales growth has decreased to -2.8 percent, while the fast fashion market reportedly saw a 15.1 percent decrease in sales.
Quarterly sales growth of the fast fashion industry and Shein in the United States from 2nd quarter 2020 to 2nd quarter 2023
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Insider Intelligence. (July 27, 2023). Quarterly sales growth of the fast fashion industry and Shein in the United States from 2nd quarter 2020 to 2nd quarter 2023 [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/1445814/us-fast-fashion-shein-sales-growth/
Insider Intelligence. "Quarterly sales growth of the fast fashion industry and Shein in the United States from 2nd quarter 2020 to 2nd quarter 2023." Chart. July 27, 2023. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/1445814/us-fast-fashion-shein-sales-growth/
Insider Intelligence. (2023). Quarterly sales growth of the fast fashion industry and Shein in the United States from 2nd quarter 2020 to 2nd quarter 2023. Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/1445814/us-fast-fashion-shein-sales-growth/
Insider Intelligence. "Quarterly Sales Growth of The Fast Fashion Industry and Shein in The United States from 2nd Quarter 2020 to 2nd Quarter 2023." Statista, Statista Inc., 27 Jul 2023, https://www.statista.com/statistics/1445814/us-fast-fashion-shein-sales-growth/
Insider Intelligence, Quarterly sales growth of the fast fashion industry and Shein in the United States from 2nd quarter 2020 to 2nd quarter 2023 Statista, https://www.statista.com/statistics/1445814/us-fast-fashion-shein-sales-growth/ (last visited December 31, 2024)
Quarterly sales growth of the fast fashion industry and Shein in the United States from 2nd quarter 2020 to 2nd quarter 2023 [Graph], Insider Intelligence, July 27, 2023. [Online]. Available: https://www.statista.com/statistics/1445814/us-fast-fashion-shein-sales-growth/
