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 profits slump in fresh challenge to long-planned London IPO
As a private company, Shein does not publish profit guidance but the 2024 figures were far lower than the $4.8bn in net profit and $45bn in sales the company had projected for 2024 in a presentation to investors in early 2023, which was seen by the FT. Shein did not respond to a request for comment.
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 per cent to $1 billion in 2024,
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's annual profit down by more than a third: report
Shein's sales for the full year rose by 19% to $38 billion, the report said, adding that the figures were from internal projections ahead of finalised accounts.
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