Mmastodon BusinessBusiness first seen 1 d ago, last 12 h ago, peak #1
Shein outsells Asos as UK revenue hits £2.58bn
Original: Shein outsells British rival Asos as UK revenue hits £2.58bn https://www.theguardian.com/business/2026/oct/09/shein-outs
Fast-fashion giant Shein has overtaken British online retailer Asos in the UK market, with newly reported accounts showing UK revenues of £2.58bn. The figures underline the Chinese-founded retailer's rapid growth in Britain and intensify pressure on struggling domestic rivals, as Asos continues restructuring amid weak consumer spending and rising competition from ultra-cheap overseas platforms.
Why now: Newly filed UK accounts reveal Shein has surpassed Asos, a landmark moment for British online retail
Evidence
- Shein outsells British rival Asos as UK revenue hits £2.58bn https://www.theguardian.com/business/2026/oct/09/shein-outsells-british-rival-asos-as-uk-revenue-hits-258bn # Business # Retail # Economy · guardian_world@robot.villas · 4
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