Shein's U.S. charm offensive and IPO could hinge on NRF membership. So far, it's been rejected
Publishing timestamp: 2024-05-13 06:00:01
Summary
Shein has been trying to become a member of the National Retail Federation, but has been rejected multiple times. If accepted, it could help legitimize the company in the eyes of U.S. lawmakers and investors. The rejection could raise antitrust concerns and the decision is still pending.
Sentiment: MIXED
Tickers: KSS, BJ, NKE, URBN, TGT, GPS, WMT, M, ROST, TJX, ADS-DE, QRTEA, W, VSCO, ADS-FF, AMZN, RVLV, LVLU, AEO,
Keywords: revolve group inc, qurate retail inc, breaking news: business, victoria's secret & co, business, urban outfitters inc, walmart inc, nike inc, ross stores inc, gap inc, american eagle outfitters inc, amazon.com inc, business news, politics, adidas ag, retail industry, bj's wholesale club holdings inc, united states, tjx companies inc, breaking news: politics, kohls corp drn, macy's inc, target corp, wayfair inc, lulu's fashion lounge holdings inc,
Source: https://www.cnbc.com/2024/05/13/nrf-rejects-shein-membership-as-retailer-pursues-us-ipo.html