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.
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