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Shein's UK sales surged to £2 billion in 2024

Shein's British business made £2.05 billion in sales in 2024, a 32.3% increase from the previous year, a filing by the online fast-fashion retailer showed today.

Business • 15 Aug

Zalando is focusing on higher-priced brands and the growing sportswear category

Zalando's profit boosted by sports offering, inventory

Online fashion marketplace Zalando exceeded analyst estimates for quarterly profit today thanks to growth in its sports, beauty and designer categories and improved inventories, sending shares up as much as 7% in morning trading.

Business • 06 Aug 24

Shein was valued at $66 billion in a fundraising last year

Shein steps up London IPO preparations, sources say

Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from US politicians, two people with knowledge of the matter said.

Business • 13 May 24

ASOS today posted a half year adjusted EBITDA loss of £16.3m, compared to the £4.6m it made the same time last year

ASOS sinks to first-half loss amid competition from China

British online fashion retailer ASOS sunk to a first-half loss, as it battles competition from Chinese giant Shein and self-inflicted problems from excess stock, but it said it still expected an improvement over the year.

Business • 17 Apr 24

ASOS said its fourth quarter sales decline was in line with guidance

ASOS expects profit at low end of guidance

British online fashion retailer ASOS has today reported a 15% fall in fourth-quarter sales and said second half earnings were expected to be around the bottom of its guided range but said its turnaround plan was making progress.

Business • 26 Sep 23

Zalando is aiming to capture over 10% of the €450 billion European fashion market in the longer term

Zalando aims for more than 10% of Europe fashion market

German online fashion retailer Zalando said it aims to capture more than 10% of the €450 billion European fashion market in the longer term after coronavirus lockdowns supercharged its growth in 2020.

Business • 16 Mar 21

Boohoo now expects its full-year revenue to rise between 33% and 38%

Online retailer Boohoo raises full-year forecast

Boohoo has today raised its full-year revenue forecast on strong demand from its young customers for brands like PrettyLittleThing and Nasty Gal, sending the online fashion firm's shares to an all-time high.

Business • 05 Sep 19

Visits to the ASOS site exceeded 1 billion in the six months to the end of February

Online retailer ASOS ups investment as sales grow 27%

ASOS said it would have to step up spending on technology and logistics to help maintain its lead in the online fashion pack, with the extra costs taking a toll on its elevated share price.

Business • 11 Apr 18

Amazon said its net sales for the three months to the end of December rose to $35.75 billion from $29.33 billion.

Worried analysts question Amazon's logistics plans

E-commerce giant Amazon.com last night reported a 21.8% rise in quarterly revenue, helped by strong Christmas shopping and robust growth in its cloud services business.

Business • 29 Jan 16

Pre-tax profits more than tripled to £10.7m at the online retailer

Boohoo.com posts big jump in revenue

Online fashion retailerboohoo.com reported a 63% rise in full-year revenue, driven by recovering consumer confidence that spurred more people to shop online.

Business • 12 Jun 14