Fast fashion retailer Shein doubles profits in 2023 to $1.3b

Fast fashion retailer Shein doubles profits in 2023 to $1.3b

FILE PHOTO: A view of a Shein pop-up store at a mall in Singapore April 4, 2024. REUTERS/Edgar Su/File Photo

Concerns over its labour policies and product quality failed to stymie online fast fashion retailer Shein’s growth last year. Recent regulatory filings in Singapore, where the company is headquartered, show it more than doubled its net profit to $1.3 billion in 2023.

Edited by: Deepshikha Monga