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Stock impact report

Explainer: Will Shein's plan to expand beyond fashion work? [Yahoo! Finance]

Colgate-Palmolive Company (CL) 
Last colgate-palmolive company earnings: 5/1 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.colgatepalmolive.com
Company Research Source: Yahoo! Finance
double its closest competitor UK fashion retailer Primark in 2021 – the Singapore-based company is setting its sights on other consumer segments. Reuters reports the company has appeared on panels alongside large companies including Colgate-Palmolive, Hasbro and Suntory Beverage & Food in recent months as part of a push to legitimise itself in home, beauty and toy markets. It hopes to operate as a market provider, allowing third parties to list their items on its store in a model similar to Amazon or AliExpress. What is the legitimacy of Shein's expansion proposition? This service is already available in some markets including the US and UK, but expanding to Europe would allow the company to keep options open as probes into its human rights record and links to China heat up in the US. Hosting recognised Western brands on its platform may also help move the conversation away from these issues, something it desperately needs. The company has faced legal troubles this year, begin Show less Read more
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