Shein is a key CCX competitor-anything and everything Shein in apparel is important to CCX, albeit CCX is moving to higher margin clothing. Additionally, you may not be aware, CCX continues to source significant volumes from (the same) Chinese garment manufacturers- the experience of these manufacturers and the strength of commercial relationships is also very important to CCX, its competitive position (in this case supply and distribution) and consequently its success - does that make sense?
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