Shein’s UK sales jump 32% in 2024 as Hong Kong IPO nears
On December 13, 2024, a shopping person carries a bag with promotional products when visiting Manchester, fashion retailer Shein’s Christmas bus tour in Britain.
Temılade Adelaja | Reuters
Shein’s Branch of England sold £ 2.05 billion ($ 2.77 billion) with an increase of 32.3% from 2023 in 2024. According to a released file Friday.
Online fast fashion retailer’s pre -tax profit rose in 2024 from 24.43 million to £ 38.25 million in 2023.
The company emphasized several kilometers of stones, including a new offices in King’s Cross and Manchester, a Pop-up store in Liverpool and a Christmas bus tour in 12 England.
He marked risks such as potential supply chain delays, higher costs than currency fluctuations and load fees, CT system cuts and products that may require changing or retracting products.
The Chinese company, headquartered in Singapore, also said that weaker consumer confidence may focus on sales than higher inflation and living costs.
Earlier this year, Shein applied for the first public offering in Hong Kong, a movement aimed at pressure on UK organizers and accelerating long -delayed listing plans.
Before that, the fast fashion giant applied to listed in London, but he struggled to get the regulatory approval before shifting his focus to Hong Kong.
