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

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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 per cent to $1 billion in 2024, the report said, citing two people with knowledge of the matter.

FILE PHOTO: Shoppers carry bags with promotional merchandise as they visit fashion retailer Shein's Christmas bus tour, in Manchester, Britain, December 13, 2024.

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Category: EconomyBusiness

Markets: Singapore

Topics: Carry Bags Retailer Photo: Mediacorp File 2024 Experience Merchandise Promotional Shoppers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-23 @ 17:22:01 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 136 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26345631

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