mylesillidge
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Takealot’s plan to fight Temu and Shein
Superbalist will limit in-house brands sold on its platform and focus on garnering more international labels to fight Chinese competitor Shein for increased market share, Sunday Times reports.
This follows the Takalot Group — comprising Takealot.com, Mr D, and Superbalist — reporting a trading loss of R252 million, which group CEO Frederik Zietsman attributed to Superbalist.
Superbalist will limit in-house brands sold on its platform and focus on garnering more international labels to fight Chinese competitor Shein for increased market share, Sunday Times reports.
This follows the Takalot Group — comprising Takealot.com, Mr D, and Superbalist — reporting a trading loss of R252 million, which group CEO Frederik Zietsman attributed to Superbalist.