Shein reported sales of 2.05 billion pounds in the U.K. in 2024, up 32.3%, but faces legislative changes that could hurt its competitive advantage.
Cristina Petrache
Economy
Foto unsplash.com
Always see our news on Google
Retailer Shein posted sales of GBP2.05 billion in the UK in 2024, marking a 32.3% year-on-year increase, strengthening its market position. The UK subsidiary reported a profit of £38.25 million, up 56.6%. The company opened new offices and organized various events to attract customers. However, its competitive advantage, based on duty-free deliveries from China, is threatened by pending legislative changes.
Sources
Vânzările Shein în Marea Britanie au urcat la 2,8 miliarde dolari în 2024, pe fondul cererii pentru modă ieftină
Vânzările Shein în Marea Britanie au urcat la 2,8 miliarde dolari în 2024, în creștere cu 32,3% / Cerere mare pentru moda ieftină
Shein rupe vânzările în Marea Britanie. Cifre uluitoare în privința modei ieftine
Latest News
15:43
A 50-year-old driver hit four cars parked in Sibiu and damaged a gas pipe
15:32
Vladimir Putin attributed the AfD’s record result to the mistakes and policies of Western countries
15:20
The head of ADP Oradea contradicts Călin Georgescu: There are no local producers in Piața 100, the market being known as a flea market
15:10
Iranian President Masoud Pezeshkian rejects the presence of the United States, stating in India that the Middle East “does not need a policeman”
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
