Connect with us

StyleonWards

StyleonWards

Shein Anticipated To Exceed Zara In The Following Two To Three Years

Onward

Shein Anticipated To Exceed Zara In The Following Two To Three Years

Evidence from GlobalData points to the prospect of Shein surpassing Zara within the next two to three years. In 2023, the merchant raked in over £1.3bn in attire transactions in the UK, commanding 2.2% of the market, while Zara holds 2.4%.

Established in 2008, the enterprise has garnered momentum by providing economical clothing and way of life items, launching more than 2,000 fresh designs daily. In a move signaling further enlargement, Shein revealed plans to inaugurate a headquarters in Manchester, adding to its existing presence in London, employing roughly 40 staff.

The potential US Initial Public Offering of the web-based high-speed fashion titan encounters a setback due to the necessity to adhere to new listing regulations for local firms and the protracted endorsement procedure with Chinese regulators. The IPO may encounter obstacles due to stricter-than-anticipated inspection from US regulators and the decisions made by the Chinese regulator.

Image Source: Kaspars Grinvalds / Shutterstock

Continue Reading
You may also like...

More in Onward

Advertisement
Advertisement

Trending

Advertisement
To Top