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,
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 ...
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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 under pressure to slash valuation to $30B ahead of London IPO: report
Shein is aiming to go public in London in the first half of this year, pending regulatory approvals in the UK and China, ...
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 ...
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 ...
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Don't Waste Your Money | Temu, Shein face threats on bargains with new tariffs
Temu and Shein have been able to benefit from a loophole in U.S. law that has allowed companies to import less than $800 ...
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 ...
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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 ...