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 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 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 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. 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
Shein profits sink in 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 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 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.
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