According to a report from the Financial Times on Sunday, Shein, an online fast-fashion retailer, experienced a profit decrease of over one-third last year, posing additional hurdles as it prepares for a listing on the London Stock Exchange. The report indicated that net profit declined by nearly 40% to $1 billion in 2024, based on information from two knowledgeable sources. Sales for Shein increased by 19% to $38 billion for the full year, as per the report, which noted that these numbers were based on internal forecasts pending finalized accounts.