Shein has revealed its sales surpassed £1.5 billion in the UK last year as the fast-fashion retailer continues to cash in on trends and draw in shoppers with low-cost items. Shein’s UK business generated revenues of £1.55 billion over 2023, up from £1.12 billion the prior year.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and
00:06here are your headlines for this morning.
00:09Chain has revealed its sales surpassed £1.5 billion in the UK last year, as a fast fashion
00:17retailer continues to cash in on trends and draw in shoppers with low cost items.
00:24Chain's UK business generated revenue to £1.55 billion over 2023, up from £1.12 billion
00:32the previous year. It also reported an annual profit of £18.7 million, nearly doubling
00:39the £9.8 million made last year.
00:43The online retailer said it had reached a milestone for the year when it set up a UK
00:47base in Manchester, the city which is also home to rivals Boohoo and Pretty Little Thing
00:53and Misguided, which it owns.
00:55So an update this morning from Chain which has revealed its sales surpassed £1.5 billion
01:01in the UK last year.