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Shein outsells British rival Asos as UK revenue hits £2.58bn
Shein's sales surge in the UK has reshaped the fast-fashion market, with revenues jumping 26% to £2.58 billion. This growth allows Shein to outpace British rival Asos in sales, raising pre-tax profits by 18%. Investors are closely monitorin...
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Shein's sales surge in the UK has reshaped the fast-fashion market, with revenues jumping 26% to £2.58 billion. This growth allows Shein to outpace British rival Asos in sales, raising pre-tax profits by 18%. Investors are closely monitoring Shein's strategies amid rising regulatory pressures.
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#news #breaking #Shein #Asos #fashion #UKeconomy #retail #investing
Originally reported by The Guardian.
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