The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.
When asked if Shein will still be able to provide its ultra-low prices if tariffs take effect, Tang didn't address whether the company would raise prices.
Michelle Mack was accused of running a sprawling retail crime ring that targeted Ulta and Sephora stores across the country and will spend five years in prison.