Shein Eyes $2 Billion Profit in 2025 Despite US Tariff Headwinds
Shoppers queue for access to the opening of Shein Group Ltd.'s first permanent retail store, in Paris.Photographer: Benjamin Girette/BloombergShein Group Ltd. has told investors that it’s expecting a bumper $2 billion in net income in 2025, after higher profit margins through price hikes and cost-cutting helped overcome a drop in online traffic caused by President Donald Trump’s punitive tariffs.The Singapore-based e-commerce giant is also forecasting mid-teen percentage growth in sales, accordi...
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