Reported about 4 hours ago
Shein Group Ltd. anticipates a significant net income of $2 billion in 2025, driven by increased profit margins from price hikes and cost-cutting measures, despite a decline in online traffic due to US tariffs. The company, based in Singapore, aims for mid-teen percentage sales growth, bolstered by a strong first quarter performance. While it faces challenges like potential new tariffs and issues in France regarding its marketplace, Shein's strategic pricing and reduced advertising spending have helped maintain profitability as it prepares for a delayed IPO.
Source: YAHOO