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
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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
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