Shein, Temu Sales Slide After Losing US Duty-Free Loophole

Temu’s struggling to sell its dizzying array of ultra-budget goodies ($7 sneakers, $15 rugs, $3 bearded dragon cowboy costumes) as American shoppers ditch the Chinese retailer. Half of Temu’s monthly US users left the marketplace between March and June, according to Sensor Tower, slashing its…