Shein outsells British rival Asos as UK revenue hits £2.58bn
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What happened
Online retailer’s 26% jump sharpens focus on exemption letting cheap parcels into the country duty-free Shein, the online fast-fashion retailer founded in China, increased sales in the UK by just over a quarter last year, overtaking British rival Asos. The company, whose global parent group listed on the Hong Kong stock exchange and valued at just over $26bn (£19.6bn) last month, increased sales at its UK division b…
Summary assembled by rule from the sources below
Sources
News
- Shein outsells British rival Asos as UK revenue hits £2.58bnThe Guardian World