According to a report by the Financial Times, the anniversary of the Retailer Shein 2024 broke up by almost 40%. The net profit was therefore around $ 1 billion. The annual turnover, on the other hand, has risen by 19% to $ 38 billion. For the year, $ 4.8 billion was forecast and sales of $ 45 billion.
The figures would make Shein before the planned passage to the London Stock Exchange challenges. This may be moved to the second half of the year anyway, since the US government plans to withdraw tax relief for the company. Reuters already reported on February 7 that the evaluation of Shein could be corrected down to $ 50 billion in the IPO.
