# Shein’s Throne Challenged by Rival With One of Hottest US Apps | Tech News (HT Tech) > It took Shein a decade to catch up to Inditex SA’s Zara as the world’s top fast-fashion retailer. Now, a new online upstart wants to topple Shein, at least on one measure, within a year. # Shein’s Throne Challenged by Rival With One of Hottest US Apps ## It took Shein a decade to catch up to Inditex SA’s Zara as the world’s top fast-fashion retailer. Now, a new online upstart wants to topple Shein, at least on one measure, within a year. Mar 06 2023, 11:32 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![Shein](https://images.hindustantimes.com/tech/img/2023/03/06/1600x900/SHEIN-SINGAPORE--0_1678082127681_1678082127681_1678082147697_1678082147697.JPG) Shein already dominates the US fast-fashion market, far surpassing rivals Zara and H&M, according to YipitData. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By BLOOMBERG It took Shein a decade to catch up to Inditex SA’s Zara as the world’s top fast-fashion retailer. Now, a new online upstart wants to topple Shein, at least on one measure, within a year. Temu, a shopping platform that’s owned by Chinese e-commerce heavyweight PDD Holdings Inc., set a lofty sales target for its North American business last month: report at least a single day of gross merchandise value that tops Shein’s between now and Sept. 1, to mark the anniversary of its entry into the US market, according to people familiar with the matter, who asked not to be identified because they’re not authorized to speak publicly. It’s the first step in Temu’s broader plans to dominate the online shopping landscape. The company views Shein as its biggest rival in the near-term, and wants to surpass its dominance within the next few years, said the people. But the firm, which sells anything from clothes to kitchen supplies, is ultimately aiming to take on global behemoths Amazon. com Inc. and eBay Inc., they said. Also read click here. Temu’s growth is already surging and it’s been one of the top-ranked apps in the US for months. The firm achieved about $500 million GMV in the US during its first five months of operation, according to data analytics firm YipitData. In January alone, sales were almost $200 million, the data show. Temu launched in Canada, its second market, in February. Comparative data on closely held Shein’s finances are difficult to obtain, but the scant details that have emerged indicate Temu’s target requires its rapid pace of expansion to accelerate. Shein already dominates the US fast-fashion market, far surpassing rivals Zara and H&M, according to YipitData. The Financial Times reported last month that Shein predicts global GMV will grow to $80.6 billion in 2025 up 174% from last year. Revenue could increase to $58.5 billion in 2025, up from $22.7 billion last year, according to the report, which cited a management presentation shown to investors. Temu staff haven’t been given a daily sales target — it’s a figure held tightly among senior managers. They’ve instead been told to shift from growing the base of users for their app and website to devising ways to boost how much customers spend, the people said. The company did not respond to requests for comment. Shein’s rapid success has paved the way for a raft of newcomers wanting to get into the booming e-commerce market, but Temu is widely viewed as the most serious competitor. The latter is already headhunting Shein employees and targeting suppliers, while also leveraging the deep pockets, extensive supply chains and expertise — particularly in consumer data that allows rapid changes in offerings — of parent PDD, which already controls roughly 13% of Chinese online retail through its Pinduoduo platform. While both firms are synonymous with cheap, easy-to-get products, Temu operates more like a marketplace than a self-run brand such as Shein. It doesn’t handle design and production, instead recruiting suppliers to offer a list of products, which Temu selects from and then allows a store to open on its platform. After sellers send products to Temu’s warehouses in China, the company takes care of delivery, marketing and promotion, and after-sales services. Temu is betting that a huge marketing campaign will drive sales growth. The company made its Super Bowl advertising debut in mid-February, running two 30-second spots — which typically cost millions of dollars to produce and air — that featured a trendy shopper twirling and dancing in an array of outfits. It’s also rolling out social marketing practices that are similar to Pinduoduo’s strategies in China, including offering discounts, cash rewards and free gifts to customers who refer their friends. The strategy is bearing fruit, with visits to its website surpassing Shein in January. If Temu is able to sustain its momentum it will also join just a handful of Chinese-owned internet services to have succeeded in the US, including Alibaba’s Aliexpress and ByteDance Ltd.’s TikTok. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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