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Shein
Shein more than doubled its profits for the 2023 fiscal year, The Financial Times reported.

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  • Shein, the Chinese fast-fashion brand, raked in $2 billion in profits in 2023, FT reported.
  • That beats the fiscal year of rival fast fashion company H&M.
  • Many of Shein's customers are Gen Zers and millennials who say they're environmentally conscious.

It appears we consumed quite a bit of fast fashion last year.

Tags
Retail, Shein, fast-fashion, Analysis
Source
Shein made $2 billion in profits last year. That's a lot of fast fashion.