And while many fashion brands play the sustainability card to avoid consumer outrage pointing out that they are, after the oil industry, the largest polluters of the environment, the controversial fast-fashion company Shein continues to achieve market successes and has now been declared the most popular global fashion brand of 2022.
According to a study by money.co.uk, this Chinese company founded in 2008 was ‘googled’ the most in as many as 113 countries worldwide, surpassing Zara, which is in first place in 26, including its ‘home’ Spain.
The level of popularity is evidenced by the rapid growth in revenue. As reported by HypeBeast, in 2020, Shein achieved $10 billion in revenue, while rivals like Asos and Boohoo earned $4.4 billion and $2.4 billion, respectively, in the same year.
World Picture
According to Euromonitor, this fashion retail platform is valued at an incredible $100 billion, making it the largest fashion company that earns exclusively from online sales. Their growth is even more astonishing considering the controversies that have surrounded their business.
