Modern Retail Rundown: Price hikes backfire, Shein & Temu suppliers struggles & Peloton’s TikTok partnership

First, an overview of major CPGs like PepsiCo and retailers like Target receiving backlash for relentlessly raising prices the past few years. A new report says that Shein and Temu’s suppliers are being squeezed, experiencing thin margins and pressure to cut prices. Finally, Peloton’s latest turnaround strategy includes launching content on TikTok.