Shein’s profits reportedly dropped by 40% to $1bn (£791m) in 2024 as the online retailer suffered a difficult final quarter and battled competition from rival Temu, According to the Financial Times ...

Shein’s net profits shrunk by almost 40% to $1 billion in 2024 as it suffered a difficult final quarter, as well as high competition from its rival, Temu. READ: China disrupts AI market with ...

The decline marks a significant shift for the brand, which has seen explosive growth in recent years. Despite the profit drop, Shein remains a major player in the fast-fashion industry. The company is ...

Who wouldn’t want a cute bikini for only $8? However, I keep hearing a lot of people say that Shein and Temu are banned right now. It is not that the U.S. has actually banned these websites, but ...

saw its profits drop by nearly 40 per cent to £792m in 2024 – despite a 19 per cent rise in sales to £30billion. The update follows ultra-low-cost competitor Temu poaching some of Shein's ...

The company has increased spending on marketing and logistics as it competes with Temu for market share. Shein has been approached for comment.

Forever 21 is considering bankruptcy again, five years after emerging from Chapter 11. The retailer faces rising competition from Shein and Temu while exploring restructuring, store closures, and a ...

While President Donald Trump has delayed the tariffs on Canada and Mexico for another month, tariffs have already been imposed on China. Tariffs on China include a 10% tax, along with closing a ...

The Russian army has injured three people in Huliaipole, Zaporizhzhia Oblast. Source: Ivan Fedorov, Head of Zaporizhzhia Oblast Military Administration, on Telegram Quote: "Two women and a man were ...

Block's Cash App business, which enables peer-to-peer mobile payments, reported gross profit growth of about 16 per cent in the holiday quarter, down from 25 per cent a year earlier. The digital ...

The closure of New Look's stores in Ireland follows the retailer's ongoing struggle with declining sales and the "meteoric rise of ultra-fast fashion online pureplays like Shein and Temu," according ...

The photo showed George dressed in a green polo top and blue and white striped shorts, standing in the Caribbean sunshine, with foliage and a sandy beach in the background. View post on Instagram ...