Low-cost e-tailers Temu and Shein put Swiss retail sector under pressure

Most Swiss retailers are concerned by the stiff competition from China's low-cost online platforms Temu and Shein, according to a survey. +Get the most important news from Switzerland in your inbox More than 60% of retailers in Switzerland see the development of online platforms such as Temu, Shein or Amazon as worrying or very worrying, according to the Swiss Retail Federation's sector barometer 2025, published on Tuesday. The federation surveyed 90 managing directors of companies about their outlook and concerns for 2025. Furthermore, 70% of the companies surveyed felt strongly or even very strongly about the influence of the China's Temu and Shein on Swiss retailing, compared with only 9% who said it was weak. Medium-sized companies in the non-food sector are feeling the impact of these low-cost platforms. Price pressures and competition remain the number one concern for Swiss retail in 2025, the survey shows. + Number of Swiss shops increases despite online competition The ...