Shein's annual profit down by more than a 3rd, FT reports

Shein's annual profit down by more than a third, FT reports
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.
Shein Profit Dropped Last Year, Further Challenging IPO, FT Says
Fast-fashion retailer Shein’s profit slumped by almost 40% last year, putting further pressure on a potential initial public offering in the UK, the Financial Times reported, citing people it didn’t identify.
Shein Faces IPO Hurdles as Profits Drop
According to Financial Times, Shein's $1 billion in net profit was well below the $4.6 billion the company had projected for the year.
Shein's IPO to Be Delayed to Second-Half After US 'De Minimis' Repeal, FT Reports
Shein and rival Temu together probably accounted for more than 30% of all packages shipped to the U.S. each day under the de minimis provision, the U.S. congressional committee on China said in a 2023 report. The measure exempted shipments of less than $800 from import duties.
Shein's profits drop by more than a third in 2024, FT reports
Shein's profits 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. The online fast-fashion retailer's net profit fell by almost 40% to $1 billion in 2024,
Shein reports two child labour cases in 2024 as it increased supplier audits
Fast-fashion retailer Shein found two cases of child labour at its suppliers last year, the same number as in 2023, following ...
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Shein's Child Labor Revelations Prompt Scrutiny Amidst IPO Plans
Fast-fashion giant Shein revealed two instances of child labor at its suppliers, echoing findings from 2023. Following ...
I travel all the time – the item of clothing you should NEVER wear on a plane & it’s bad news for Temu & Shein shoppers
A WOMAN who travels all the time has warned there’s an item of clothing you should never wear on an aeroplane. Mari is a travel advisor and, thanks to her job, she’s a fountain of ...
Sourcing Journal on MSN11d
Shein Recalls Children’s Pajamas Over Flammability Concerns
Shein has recalled a set of children’s pajamas it sold in four different colors over flammability concerns, the Consumer ...
Shein Is Said to Face Investor Pressure to Slash Valuation to $30 Billion
Fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion, according to people familiar with ...
Shein’s Global Challenge: Will U.S. Trade Curbs Disrupt One Of Fast Fashion’s Giants?
But as regulatory scrutiny tightens in key markets, could the tide be turning? The latest challenge comes from the U.S, where ...
De minimis: China’s Shein workshops suffer as US tightens shipment rules
Small-scale factories supplying China's e-commerce giants face an uncertain future as the US moves to end tax exemptions for ...
The Economist6d
Shein attempts to mend its public image before its London debut
A listing should be a boon for investors. A valuation of £51bn ($66bn) would make Shein, which was founded in China but is ...