Shein’s UK sales jump 32% in 2024 as Hong Kong IPO nears

Shen’s arm in the United Kingdom achieved 2.05 billion pounds ($ 2.77 billion) in sales in 2024, an increase of 32.3 % over 2023, According to the deposit issued Friday.

Before the online tax, retail profit increased to 38.25 million pounds in 2024 from 24.43 million pounds in 2023.

The company has highlighted several landmarks during the year, including the opening of new offices in the King’s Cross and Manchester, which is an emerging store in Liverpool and a tour of Christmas buses across 12 cities in the United Kingdom.

The Chinese company, which is headquartered in Singapore, has reported risks such as possible supply chain delayed, high costs of currency fluctuations, shipping fees, interruption of the information technology system, and transferring British regulations that may require them to change or withdraw products.

He also pointed out that the confidence of the consumer is the weakest of the high costs of inflation and living costs can weigh sales.

I provided secretly to get The first general offering in Hong Kong Earlier this year, the move aims to pressure the UK organizers and accelerate long listing plans.

Before that, the fast fashion giant applied for a staircase in London, but he struggled to receive organizational approval before converting her focus to Hong Kong.