Online & Digital
Shein profits falter ahead of planned London IPO
According to the FT, figures were far lower than the $4.8bn (£3.7bn) in net profit and $45bn (£35bn) in sales the company had projected for the year
Shein’s profits reportedly dropped by 40% to $1bn (£791m) in 2024 as the online retailer suffered a difficult final quarter and battled competition from rival Temu, According to the Financial Times
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