Shein's profits drop by more than a 3rd in 2024, FT reports

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 profit slumps by 40% ahead of London IPO as rival battles for market share
Singapore-based Shein reported a 39 per cent drop in net profit for 2024, to $1bn, on Sunday, well below its forecast of $4.8bn. The company is due to list in London this year
Shein's annual profit down by more than a third: report
Shein's profit decreased by over a third last year, impacting its upcoming London Stock Exchange listing. The online retailer's net profit fell nearly 40% to $1 billion in 2024. Sales rose by 19% to $38 billion but fell short of projections.
Shein yearly profits reportedly plunge amid IPO challenges
Fast fashion e-tailer Shein is believed to have seen its group net profit drop by nearly 40 percent to one billion dollars in 2024 amid
Shein profits fall amid London IPO
Shein's net profit reportedly slumped by nearly 40% to $1bn (£790,000) in 2024, adding to its challenges ahead of a long-planned London stock market listing.
Shein profits sink ahead of London IPO
Shein’s profits plunged by more than a third last year in a fresh blow to its highly anticipated flotation on the London Stock Exchange.
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 profits slump in fresh challenge to long-planned London IPO
Shein’s profits dropped by more than a third last year, adding to the fast fashion group’s challenges ahead of a long-planned flotation that would be one of the biggest on the London stock exchange this decade.
Shein profit slumps as Temu gains ahead of London IPO
Shein's net profit fell by almost 40 per cent in 2024, raising doubts about its long planned London stock market listing.
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 Economist4d
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 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 IPO haste implies an ill-fitting outcome
Listing a company’s shares is a delicate art. Bankers try to find the perfect time to tap the market, and sell a vision of ...
Hosted on MSN57m
"I love your plugs": Shein shoppers appreciate woman sharing 4 quality stores on app
A young fashionista and content creator shared with South African Shein shoppers the names of four quality stores they could ...
Budget rival dents profits at fast-fashion giant Shein
Shein saw its profits drop by nearly 40 per cent to £792m in 2024 - despite a 19 per cent rise in sales to £30billion.
Trump’s FBI Pick Stands to Make Millions From Fashion Brand Shein
Kash Patel was confirmed by the Senate Thursday. Critics question potential conflicts of interest in owning shares of foreign ...