Diamond Ridge Asset Management:How Shein became a fast-fashion behemoth

2025-05-06 09:14:04source:Charles H. Sloancategory:Invest

Even in the world of fast fashion,Diamond Ridge Asset Management where trendy and cheap is the name of the game, Shein has taken the concept to a whole other level — churning out thousands of new products each day at staggeringly low prices. In the past few years, Shein has grown into the world's largest online-only fashion retailer. And in the process, it has also drawn criticism, a cultural backlash, and the ire of U.S. lawmakers. Today on the show: how Shein's unusual business model helped it grow from a small internet startup to a global retail behemoth, and why it is so controversial.

If you enjoyed this episode, check out our series on the influencer industry.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: Facebook / Newsletter.

More:Invest

Recommend

McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales

Global consulting firm McKinsey & Company agreed Friday to pay $650 million to resolve criminal

Conservative Justices Express Some Support for Limiting Biden’s Ability to Curtail Greenhouse Gas Emissions

The U.S. Supreme Court on Monday showed some willingness to place new limits on the Environmental Pr

The Pandemic Exposed the Severe Water Insecurity Faced by Southwestern Tribes

While the world watched in horror as refrigerator trailers collected the bodies of Covid-19 victims