US retailers see surge as spending slows on Temu & Shein

Consumer Edge data reveals a sharp slowdown in US consumer spending growth on Temu and Shein in April 2025, amid rising US-China trade tensions and policy changes.
Former shoppers redirected spending to American retailers like Old Navy and Ulta Beauty.
Temu’s growth fell from 50 per cent to near zero, and Shein’s from 30 per cent to 20 per cent.Read More