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Fast Fashion Retailer Shein Doubles Profits as It Awaits IPO Approval

The online fast fashion retailer has more than doubled its profits to more than $2 billion as it awaits approval for a stock market listing in New York or London.
Shein debuts on Piper Sandler's teen survey.
The company, which is growing rapidly around the world by using social media to promote its goods, recorded sales of about $45 billion last year and a profit of more than $2 billion. (Shutterstock)

Shein, the online fast fashion retailer founded in China, has more than doubled its profits to more than $2 billion as it awaits approval for a stock market listing in New York or London.

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