|Bid||21.28 x N/A|
|Ask||21.30 x N/A|
|Day's range||21.02 - 21.50|
|52-week range||18.50 - 32.28|
|Beta (5Y monthly)||0.93|
|PE ratio (TTM)||34.85|
|Earnings date||15 Dec 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||29 Oct 2020|
|1y target est||N/A|
China's Shein may be the biggest shopping site you've never heard of. The fast-fashion player is encroaching on the territory of more established rivals like Zara and H&M. It has become the largest, purely online, fashion company in the world measured by sales of self-branded products, according to Euromonitor. Nanjing-based Shein, founded in 2008, is aiming squarely at the "Gen Z" social-media generation, using influencers on Instagram and TikTok, and discount codes, to attract younger shoppers in an increasingly crowded fashion market.
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
Inditex <ITX.MC> said current trade showed a progressive return to normality with online sales growing sharply and store sales recovering, pushing its shares 6.3% higher. The retail sector <.SXRP> was up 1.1%. A bright spot in the market was a 26.4% surge in shares of the Hut Group <THG.L>, the first major British initial public offering in seven years.