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'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 profits slump in fresh challenge to long-planned London IPO
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shein’s profits dropped by more than a third last year, adding to the fast fashion group’s challenges ...
Shein's 2024 profit dropped nearly 40%: report
Fast fashion retailer Shein’s profit dropped by a more than a third last year, ahead of the company’s planned initial public offering in London, the Financial Times reported Sunday, citing two people familiar with the matter.
Exclusive: Shein executive seeks to reassure investors after Trump crackdown on low-value imports
Fast-fashion retailer Shein's executive chairman Donald Tang told investors in a letter on Monday that "growth remains strong ...
The Financial Express31m
Trump’s FBI pick Kash Patel faces scrutiny over Shein shares worth millions – Know more
Kash Patel, President Donald Trump’s controversial nominee for FBI director, is set to profit significantly from his stake in a China-founded fast fashion giant, Shein, when its parent company, Elite ...
The Economist5d
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 ...
Shein and Temu must be restricted over slave labor
Temu and Shein should be restricted from the U.S. market. Their supplies chains are highly likely to be engaged in slave ...
Sourcing Journal on MSN10d
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 ...