Focus: Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too [Reuters]
Colgate-Palmolive Company (CL)
Last colgate-palmolive company earnings: 5/1 06:55 am
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Source: Reuters
Known for cheap own-brand clothing and accessories, Shein is moving into other categories and has given brands and retailers access to its platform in nine European countries so far, having done so in the United States, Brazil, and Mexico last year. The strategy, part of Shein's plan to build credibility and better compete with Amazon , is enabling the business to expand and develop new ways of selling goods ahead of a planned stock market later this year. Shein presented its marketplace services at an event in Madrid last month alongside Colgate-Palmolive , Hasbro , Orangina maker Suntory Beverage & Food , and Spanish cosmetics brand Bella Aurora. "Everybody associates Shein with fashion, but we are doing all verticals," Christina Fontana, senior director of brand operations for Europe, Middle East and Africa at Shein, told delegates at a conference in Paris on April 17. Seeing shoppers opening Shein and searching for other brands provided the impetus, Fontana said. "Our c
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CL
Earnings
- 4/26/24 - Beat
CL
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- CL's page on the SEC website