HX In the News: Price is nice, but it's not everything

Price is nice, but it's not everything

Online shoppers love Shein's and Temu's low-cost products but increasingly dislike their quality.

Reporter Katishi Maake highlights some of the issues surrounding the Chinese e-commerce giants in Retail Brew. The retail publication featured data from HundredX showing shoppers feel Shein's and Temu's products are slipping in value and quality. Purchase Intent fell 8% for Shein and 14% for Temu over the past six months, indicating customers may be souring on the brands.

A hundredx in the news article about retail brew

Check out HundredX’s recent analysis on fast fashion trends to view more information on Shein and Temu.

Crowd-Powered Business Advantage

Leveraging the power of The Crowd, HundredX continuously monitors consumer perceptions, providing businesses with essential information to maintain their market position. We tap into real consumer feedback to understand industry trends like fast fashion, as one example. With our extensive coverage of 80+ industries and 3,000+ brands, we analyze the collective opinions of everyday customers to uncover what really matters to them. Moreover, we evaluate how their priorities influence purchasing decisions and attitudes toward businesses. These insights empower business leaders to craft customer-focused strategies and gain a competitive edge in their markets.

Please contact our team for a deeper look at HundredX's quick, fast, casual restaurant data, which includes more than one million pieces of customer feedback across 182 QFC brands.

< Older Post

Newer Post >

Share This Article

Consumer spending muted amid rising prices

November 7, 2024

Consumers are navigating still-high prices with resilience. HundredX analysis, based on millions of pieces of customer feedback from July 2021 through April 2023 across 3,200+ companies, indicates inflation remains persistent, but consumers are cautiously hanging on. New Consumer Price Index (CPI) data shows prices increased 3.4% in April from a year ago, compared to 3.5% in March, which highlights a slight easing in inflation month-to-month. Still, HundredX data shows that consumers still feel negative about prices in general, pointing to inflation’s stickiness and consumer frustrations over the consistently high prices of everyday goods. Generally, we’ve seen that changes to HundredX’s Price favorability index are typically inversely correlated with movement in the CPI levels (i.e., inflation) reported by the US government.