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Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fastfashion retailer’s long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said. per cent of sales.
Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.
Inditex’s other brands, including Zara and Massimo Dutti, however, will remain operating in the market. The withdrawal of the labels from China follows American Eagle Outfitters’ recent move to close its local e-commerce stores in the country, prompting its departure from the market.
H&M and LVMH target very different sectors of the fashion industry. The former, a fastfashion giant based in Sweden, saw a slump in fourth quarter earnings, with its operating profits falling by 87 per cent year on year, and its netprofit declining by about 68 per cent.
Shein is preparing to start early, informal investor meetings in the coming weeks for its planned London initial public offering (IPO), as the fastfashion giant steams ahead with preparations as it awaits UK regulatory approval. The Shein share offering would provide a much-needed lift to London’s sluggish IPO market.
In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its netprofit nearly seven-fold to US$1.5 We see significant opportunities to grow both sustainably and profitably.”. billion in the year to November 30, on sales up just 6 per cent to $21.13
Sheins profits plunged by more than a third last year in a fresh blow to its highly anticipated flotation on the London Stock Exchange. Netprofit for the fastfashion giant plummeted by almost 40% to 789m ($1bn) in 2024 following a difficult final quarter and rising competition from rival Temu, The Financial Times reported.
Industry experts said retailers that have benefited from de minimis now face a critical choice: pass on the additional costs to consumers, potentially eroding their competitive pricing and market share, or absorb the costs internally, hurting their netprofitability.
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