Estimate: Temu and Shein Cost Retail Billions

Deutschlandfunk

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According to an estimate of sales of 2.5 billion euros per year, the Chinese online retailers Temu and Shein escape the German retail sector.

Bild

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Cheap goods from Shein and Temu threatens dealers, jobs and carries health risks.

Kronen Zeitung

epochtimes.de

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absatzwirtschaft.de

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According to an estimate, the popular online retailers Temu and Shein are significantly harming the German economy. Retail sales of 2.5 billion euros were lost annually because consumers bought products from the Chinese platforms, rather than from suppliers in Germany, according to an analysis by IW Consult on behalf of the Handelsverband Deutschland (HDE). The actual loss in sales for the entire economy is double the figure. This also includes …

Spiegel

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According to an investigation, Chinese online retailers are seriously harming the German retail trade. More than 40,000 jobs are said to have already been lost in Germany.

Zeit Online

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Temu and Shein are seriously damaging the German economy. According to an estimate by the retail sector, tens of thousands of jobs were lost because of online retailers from China.

Welt

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A study on behalf of the Handelsverband sees massive economic consequences from Temu and Shein. German retailers therefore escape around 2.5 billion euros of sales per year. In total, more than 40,000 jobs could be affected.