retailer

Liberated Brands cited multiple reasons for the closures, including high interest rates, supply chain issues and competition from low-cost fast-fashion retailers.

In recent years, the popularity of these Chinese online retailers has skyrocketed, with the former even securing an ad spot in last year’s Super Bowl.

China is the largest furniture exporter in the world, according to data from the Home Furnishings Association, a trade group that lobbies on behalf of home goods retailers.

Over the last decade, Shein has gone from a little-known brand among older shoppers to one of the biggest fast fashion retailers globally.

Some retailers were initially resistant, but others say it has led to an increase in footfall in shops.