Published 1 year ago • loading... • Updated 1 year ago

Shein's annual profit down by more than a third, FT reports

Summary by Ground News

Online fast-fashion retailer Shein's profit dropped by more than a third last year, adding to its challenges ahead of a planned listing on the London Stock Exchange, the Financial Times reported on Sunday. Net profit was down almost 40% at $1 billion in 2024, the report said, citing two people with knowledge of the matter. Shein's sales for the full year rose by 19% to $38 billion, the report said, adding that the figures were from internal projections ahead of finalised accounts.

30 Articles

Capital.fr

Lean Right

Do you like buying on Shein? Expect to pay more!

In the ruthless world of the ultra fast fashion, the Chinese colossus Shein flicks with a 40% drop in profit and sales far from expected promises. Competition and commercial regulations shake the giant of e-commerce.

1 year ago

Read Full Article

News.ro

Lean Left

Shein profit fell by more than a third in 2024, ahead of planned listing on the London Stock Exchange

Online fast-fashion retailer Shein's net profit fell by almost 40% in 2024, to $1 billion, according to a report published by the Financial Times on Sunday, citing sources familiar with the company's financial situation.

1 year ago

Read Full Article

New York Post

Lean Right

Shein’s annual profit down by more than a third, FT reports

Online fast-fashion retailer Shein's profit dropped last year, adding to its challenges ahead of a planned listing in London, according to the Financial Times.

1 year ago·New York, United States

Read Full Article

Reuters

+5 Reposted by 5 other sources

Center

Shein's annual profit down by more than a third, FT reports

1 year ago·United Kingdom

Read Full Article

De Telegraaf

Right

'Chinese e-commerce store Shein sees profits plummet by almost 40%'

Chinese online retailer Shein saw its profits plummet by nearly 40% last year, the Financial Times reported, citing anonymous sources.

1 year ago·Amsterdam, Netherlands (Kingdom of the)

Read Full Article

Globo

Lean Right

Shein's IPO challenge increases more and more after 2024 results, says newspaper

Founded in China but now headquartered in Singapore, the company has become one of the most valuable startups in the world thanks to its high-volume and low-cost fashion

1 year ago·Brazil

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year