February 2025 – Page 5 – AbellMoney

From Deals to Omnichannel Marketing: Customer Retention Strategies tha …

These days, the most successful businesses are not only capable of acquiring new customers but also retaining their existing customers so they don’t spend their money elsewhere.
Business owners and operators use a range of effective digital marketing and customer retention strategies, such as promotional offers, deals, loyalty rewards, bonuses, omnichannel marketing, and gamification, to name a few.
With that said, let’s now dive straight in and take a closer look at several of these proven digital marketing techniques that actually work in 2025. They help encourage repeat business, which boosts revenue and helps them stay one step ahead of their rivals.
Which key omnichannel marketing customer retention strategies actually work to retain existing customers?
One way businesses retain existing customers is to build a community or at least foster a sense of community to strengthen the relationship between the customer and the brand and improve relationships.
A powerful strategy for encouraging repeat business is to create rewards for loyal customers and pay them back for their loyalty and for completing onsite challenges and leaderboards either on the main website or via their social media channels.
Some customer retention strategies will be far more effective than others, depending on the type of business, and the ones that have proven a more powerful customer retention tool than others are the following:

Loyalty rewards programs
Personalised experiences and tailored offers
Building a customer community
Leverage social media platforms
Offer a range of unique/exclusive products and services
Provide top-notch, 24-hour support, and have friendly and professionally trained agents who always demonstrate excellent customer service standards
Communicate with customers, provide feedback mechanisms for them, gather their feedback and use it to improve your services
Send personalised emails and release/publish frequent newsletters with the latest promotional offers
Run frequent promotions and prize-packed offers
Diversify your product/service offerings
Devise a well-thought-out customer retention plan
Consider partnering with relevant social media influencers
Maximise SEO (search engine optimisation) strategies
Have fair policies and easy-to-read/understand terms and conditions – never trick your customers with misleading Ts and Cs

What can business owners learn from the iGaming sector?
Customer retention strategies can also be learned from the iGaming sector, which is part of the digital entertainment industry.
Today’s most trusted iGaming operators, for example, typically offer a range of lucrative promotional offers, which keep players coming back for more and stops them from playing elsewhere. For example, the no deposit bonus is one of the most prized offers that players love.
Operators also tend to award frequent cashback bonuses, matching deposit bonuses, free sports bets, free spins for selected online slot machines, and many other loyalty rewards.
Examples include 2X, 3X, 4X, and 5X points days (where you can get extra loyalty points just for playing your favourite games), paid online slot machine tournaments, leaderboard challenges, other network-wide promotions, such as Pragmatic Play’s iconic Drops & Wins promo, and various other gamification strategies.
What is gamification, and why is it important in customer retention?
Gamification is a marketing strategy used by operators in many industries as a way of encouraging their customers to engage with their products and services more. Operators use a range of fun, free, engaging, and immersive ‘gaming’ activities to reward loyal registered members and boost revenue.
Gamification makes their websites far more enjoyable to visit, and it includes a range of prizes and offers designed to reward people for their active participation and loyalty. The aim is to retain as many customers as possible and stop them from going elsewhere to spend money on the same products and services.
To enhance the customer/user/player experience, operators also use various other gamification tools and strategies such as daily, weekly, and monthly prize draw raffles (either onsite or via their social media channels), and they encourage players to complete challenges to receive a range of free rewards – no strings attached.
The more challenges they complete, the more they will be rewarded. Additionally, many business owners operating in the same industry mentioned above also run what is referred to as the daily log-in bonus.
All people have to do is log in to their account and take part in a fun game to potentially win a guaranteed prize, which could be free spins for their favourite titles, free scratchies (online scratchcards), prize draw tick entries, or even a small cash drop (worth anywhere from $/€/£0.10 to $/€/£20.00).
The size of the cash prize and the amount of free spins or free scratchies a player can receive often depends on how much money they typically spend on the website and how often they log in to play. The more loyal a player is, the more loyalty rewards they will receive.
Final thoughts
One of the other fun and immersive customer retention marketing strategies these same trusted operators use today is live-streamed events, such as live quizzes. When people play their favourite titles during a specific time of the day, they can win a range of prizes and interact with the TV hosts and other active players in real time using the live chat messaging feature.
Companies these days have also been known to place ads within today’s most famous titles, provide free demos and early access to upcoming releases, and essentially try to offer far more immersive and tailored experiences than their competitors.
Other key digital marketing strategies include interstitial ads, user-generated content (UGC), block banners, referrals, user acquisition campaigns, and playable advert videos, to name a few, all in the name of customer acquisition and retention.
People would rather revisit a website that always rewards them with freebies than one that doesn’t offer anything for their loyalty, which is why you see so many customer retention strategies being used by operators today.
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From Deals to Omnichannel Marketing: Customer Retention Strategies that Actually Work in 2025

US inflation climbs to 3%, raising doubts over Federal Reserve rate cu …

Inflation in the United States rose unexpectedly to 3% in January, fuelling speculation that the Federal Reserve may keep interest rates higher for longer.
Data from the Bureau of Labour Statistics showed inflation increasing from 2.9% the previous month, defying analysts’ expectations that it would remain unchanged. On a monthly basis, prices rose by 0.5%, up from 0.4% in December. Core inflation, which the Fed closely monitors, also jumped to 0.4% in January from 0.2% in December, with annual core inflation rising to 3.3% from 3.2%.
The figures cast fresh doubt on whether the Fed will cut interest rates in 2024. Fed chair Jerome Powell told the Senate banking committee that there was “no need to rush” into lowering borrowing costs, reinforcing growing scepticism among economists.
The central bank left its key interest rate on hold at 4.25% to 4.5% in January, having cut it by a percentage point last year. President Donald Trump has repeatedly called for rate reductions, arguing that lower borrowing costs would complement his latest wave of tariffs on imports. However, Powell has resisted political pressure, with analysts suggesting that inflationary risks, exacerbated by Trump’s trade policies, could keep rates elevated.
Financial markets reacted with volatility. The S&P 500 fell 0.3% to 6,051.97, while the Dow Jones Industrial Average slipped 0.5% to 44,368.56. The Nasdaq, which had been down nearly 1%, recovered to close marginally higher at 19,649.95. The US dollar strengthened on the news, with the dollar index rising 0.32%, while the pound fell 0.34% against the greenback to $1.240.
Bond markets also saw a reaction, with the yield on the benchmark 10-year US Treasury note climbing 11 basis points to 4.651%. UK gilts followed suit, with the yield on 10-year government bonds increasing by 6 basis points to 4.567%.
Economists believe the Fed could now hold interest rates steady for the rest of the year. Paul Ashworth, chief North America economist at Capital Economics, said: “With tariffs likely to keep core inflation at or above 3% in 2024, the Fed will stand pat for at least the next 12 months.” Fund manager Janus Henderson echoed this sentiment, stating: “The bottom line is clear: the Fed should not be cutting.”
Since returning to office, Trump has introduced a 10% tariff on Chinese imports, announced but then postponed a 25% levy on Canadian and Mexican goods, and confirmed that a 25% tariff on imported steel and aluminium will take effect in March. Economists warn that these protectionist policies could keep inflation high, constrain economic growth, and delay interest rate cuts—despite Trump’s campaign pledge to reduce the cost of living.
Meanwhile, inflation in the UK is expected to peak at 3.7% this summer, up from its current 2.5%, according to the Bank of England. The eurozone’s inflation rate has also edged up to 2.5%. However, both the Bank of England and the European Central Bank are still expected to pursue gradual rate cuts this year.
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US inflation climbs to 3%, raising doubts over Federal Reserve rate cuts

Close Brothers sets aside £165m amid car loan commission scandal

Close Brothers has announced it will allocate up to £165 million in its first-half accounts to cover potential legal and compensation costs linked to the growing car finance commission scandal.
The FTSE 250 lender disclosed the provision in an unscheduled update, warning that the final costs could be “materially higher or lower” depending on the outcome of legal appeals and a review by the Financial Conduct Authority (FCA).
The scandal centres on hidden commissions in motor finance deals, with industry-wide implications. Lloyds Banking Group, which offers car loans through its Black Horse brand, has already set aside £450 million for potential compensation, while Santander UK has made a £295 million provision. Analysts estimate Lloyds’ total exposure could reach £1.3 billion when it updates investors next week.
Close Brothers’ share price fell 6.4% to 341¾p following the announcement, while Lloyds’ shares rose 1.75% to nearly 64p as analysts suggested the provision could provide some reassurance to other lenders.
The controversy stems from an October Court of Appeal ruling that found it unlawful for car dealers to receive commission from lenders without a customer’s informed consent. This decision opened the door to a wave of compensation claims from consumers who may have been mis-sold car finance agreements.
However, the industry received a potential reprieve after the Treasury applied to give evidence to the Supreme Court, which will review the ruling in April. Close Brothers, which is contesting the ruling, has been shoring up its financial position in anticipation of a possible compensation bill, including selling its wealth management arm for £200 million last September.
Despite the provision, Close Brothers stated that it remains above regulatory capital requirements and is “well placed to absorb the impact.” The bank is also evaluating further measures to optimise risk-weighted assets and reduce exposure.
Analysts had previously estimated a motor finance provision of £155 million this year, followed by £188 million in 2025 and £145 million in 2027. Some, such as Shore Capital, have issued higher forecasts, with a top-end projection of £450 million in total provisions.
In its latest trading update for the six months to the end of January, Close Brothers expects adjusted operating profit to drop to £75 million, down from £94.4 million a year ago.
The Supreme Court’s verdict in April will be pivotal in determining the scale of the industry’s financial exposure, with billions potentially at stake.
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Close Brothers sets aside £165m amid car loan commission scandal

Gambling site Stake shut down after investigation into controversial p …

The UK operations of gambling giant Stake are set to shut down next month following an investigation by the Gambling Commission into controversial advertising practices involving adult content.
Stake, an online casino and sports betting platform known for sponsoring Everton Football Club, came under scrutiny after a widely shared social media video featured OnlyFans performer Bonnie Blue – real name Tia Billinger – alongside the company’s branding.
The 25-year-old adult actress, who previously claimed to have set a world record for sexual encounters, was featured in a video discussing an explicit event at Nottingham Trent University. The clip was later edited to include Stake’s logo and circulated on X by accounts that specialise in viral content. It remains unclear whether Ms Billinger was aware of or consented to the branding.
The Gambling Commission launched an inquiry into the matter after receiving complaints from the Coalition to End Gambling Ads, which accused Stake of “using sexualised content to target young people.” The Advertising Standards Authority (ASA) also confirmed it was monitoring the company’s marketing practices.
Stake operates in the UK through a white-label partnership with Isle of Man-based TGP Europe, which facilitates access to the British market for overseas firms. The Gambling Commission has now confirmed that TGP Europe will shut down Stake UK’s operations next month.
In response, Stake stated that the decision was made “strategically” in collaboration with TGP Europe, citing plans to focus on acquiring local licences in key markets such as Brazil and Italy.
Everton FC’s sponsorship deal with Stake is set to run until the end of the Premier League season. The Gambling Commission has confirmed it will contact Everton and two other Premier League clubs associated with unlicensed gambling firms to ensure UK customers are blocked from accessing such sites.
Critics argue that the closure highlights wider issues with the UK’s gambling regulations. Will Prochaska, director of the Coalition to End Gambling Ads, said: “Forcing Stake out of the UK market is important, but it won’t fix a system that enables predatory gambling marketing, sometimes by firms that haven’t even applied for their own gambling licence. We need regulators who prioritise public health over gambling industry profits.”
Under UK law, advertising gambling services without the appropriate licence is illegal, and authorities continue to crack down on companies breaching these regulations.
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Gambling site Stake shut down after investigation into controversial porn star ads

UK steel industry warns Trump’s tariffs are a ‘sledgehammer to fre …

The UK government has refused to criticise Donald Trump’s decision to impose 25 per cent tariffs on British steel exports, despite mounting concerns from industry leaders that the move will severely damage the sector.
Trump’s executive order, which removes exemptions for the UK and all other nations, will see all steel and aluminium imports into the US subject to tariffs from 12 March. Defending the policy, Trump declared from the Oval Office: “This is a big deal, the beginning of making America rich again. Our nation requires steel and aluminium to be made in America, not in foreign lands.”
Trade adviser Peter Navarro insisted the measures were essential to “secure our steel and aluminium industries as the backbone and pillar industries of America’s economic and national security”.
UK Steel director-general Gareth Stace condemned the decision, warning that Trump had “taken a sledgehammer to free trade” with potentially devastating consequences for the UK steel industry.
“This will not only hinder UK exports to the US, but it will also have hugely distortive effects on international trade flows, adding further import pressure to our own market,” Stace said. He argued that UK steel posed “no threat” to US national security, adding that many American industries rely on high-quality British steel that is not available domestically.
Stace urged the UK government to act decisively, calling for “stronger action” and immediate negotiations to prevent further economic damage. “This is clearly a new era for global trade. We are confident the UK government recognises the impact on our industry and will explore all available options,” he said.
Despite industry concerns, No 10 refused to directly challenge the White House’s decision. When asked whether Trump was wrong to impose the tariffs, the Prime Minister’s official spokesman stated: “We will take a considered approach to this. We will engage with the US on the detail, but the government is clear we will work in our national interest.”
The UK government also refused to confirm whether it was asking the US to exclude Britain from the tariffs or if financial support would be introduced for the domestic steel sector. Officials instead pointed to existing measures, highlighting £2.5 billion in investment and plans to reduce electricity costs for steel firms through the British Industry Supercharger initiative.
Lord Peter Mandelson, the UK’s newly appointed ambassador to Washington, appeared to take a diplomatic approach, stating that Trump’s mandate “must be respected”.
The tariffs have also sparked a broader trade dispute, with European Commission president Ursula von der Leyen warning that “firm and proportionate countermeasures” will be taken in response. “The EU will act to safeguard its economic interests… tariffs are taxes – bad for business, worse for consumers,” she said.
Chris Southworth, secretary general of the International Chamber of Commerce UK, warned that the tariffs’ impact would stretch far beyond the steel industry, affecting key sectors such as aerospace, automotive manufacturing, and construction.
“The UK has an incredibly important role to play in the global response,” Southworth said, urging world leaders to “pull together and respond collectively”.
The US is the UK steel industry’s second-largest export market after the EU, accounting for five per cent of exports in 2023. UK Steel data shows that 166,433 tonnes were exported to the US in 2023, with 162,716 tonnes sent in 2024 so far, excluding December’s figures.
As the UK government treads carefully in its response, industry leaders fear that without decisive action, British steelmakers could suffer long-term damage from the latest escalation in global trade tensions.
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UK steel industry warns Trump’s tariffs are a ‘sledgehammer to free trade’

UK and US refuse to sign global AI declaration, citing national intere …

The UK and US have declined to sign an international declaration on artificial intelligence (AI) at a global summit in Paris, putting them at odds with countries such as France, China, and India, which have pledged a collaborative and ethical approach to AI development.
The agreement, endorsed by 60 nations, commits to ensuring AI is “transparent,” “safe,” and “secure and trustworthy,” while also addressing digital divides and the environmental impact of AI. The UK government defended its decision not to sign, stating it “hadn’t been able to agree all parts of the leaders’ declaration” and would only back initiatives aligned with national interests.
US pushes ‘pro-growth’ AI policies over regulation
US Vice President JD Vance told delegates that excessive AI regulation could “kill a transformative industry just as it’s taking off” and vowed that the Trump administration would prioritise “pro-growth AI policies” over stringent safeguards.
“Rather than strangle AI with regulation, we should foster its development,” Vance said, urging European leaders to adopt a more optimistic stance. His comments contrasted sharply with French President Emmanuel Macron, who defended regulatory measures, stating: “We need these rules for AI to move forward.”
UK stance sparks concerns over AI credibility
The UK, which previously led global discussions on AI safety—hosting the world’s first AI Safety Summit in November 2023—now risks undermining its credibility in this area, according to industry experts.
Andrew Dudfield, Head of AI at fact-checking organisation Full Fact, warned that refusing to sign the declaration could weaken the UK’s position as a leader in ethical AI.
“By refusing to sign today’s international AI Action Statement, the UK Government risks undercutting its hard-won credibility as a world leader for safe, ethical, and trustworthy AI innovation,” he said.
Downing Street, however, downplayed concerns, with a spokesperson stating that discussions on AI governance remain “pretty live” and emphasising the UK’s close cooperation with France on AI policy.
Trade tensions and AI regulation debates continue
The summit, which saw European Commission president Ursula von der Leyen push for a collaborative and open-source AI future, also highlighted growing transatlantic tensions. As the US moves to impose tariffs on steel and aluminium imports, affecting both the UK and EU, Britain faces a diplomatic balancing act—maintaining relations with the Trump administration while strengthening ties with Europe.
The refusal of the UK and US to sign the AI declaration underscores broader policy differences on how best to manage the rapid expansion of artificial intelligence while reaping its economic benefits.
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UK and US refuse to sign global AI declaration, citing national interests

Fraud trial of Forbes ‘30 Under 30’ star to expose startup culture …

Charlie Javice, once celebrated as a rising star of the tech world, is set to stand trial this week in New York, accused of orchestrating a multimillion-dollar fraud that saw her sell her student finance startup, Frank, to JP Morgan Chase for $175 million (£141 million).
Javice, 31, joins the growing ranks of high-profile entrepreneurs tainted by what some have dubbed the “Forbes 30 Under 30 curse”—a list of once-promising figures, including Martin Shkreli, Sam Bankman-Fried, and Caroline Ellison, who have faced legal troubles after achieving early acclaim.
The case, which carries echoes of Elizabeth Holmes and the Theranos scandal, centres on allegations that Javice massively inflated the number of Frank’s student users to convince JP Morgan to acquire the business. Prosecutors claim she misrepresented data, claiming the platform had 4.25 million users when it had fewer than 300,000.
The alleged deception unravelled when JP Morgan attempted to contact Frank’s customers, only to receive a fraction of the expected responses. The bank fired Javice, shut down Frank in early 2023, and sued her for fraud. She countered by suing JP Morgan for legal costs and for terminating her before she could receive a $20 million retention bonus.
A trial that could reshape startup due diligence
Javice, who founded Frank at 24 to simplify student loan applications, reportedly sought the help of her co-defendant, Olivier Amar, to fabricate user data. According to the indictment, when Frank’s director of engineering raised concerns about the legality of generating synthetic user data, Amar reassured them: “Yes, it’s legal. We don’t want to end up in orange jumpsuits.”
JP Morgan CEO Jamie Dimon later admitted that acquiring Frank was a “huge mistake,” highlighting the bank’s failure to conduct adequate due diligence before signing off on the deal. Legal and governance experts argue that the trial will raise uncomfortable questions about whether financial giants are too eager to acquire fast-growing startups without thorough vetting.
Javice’s trial draws comparisons not only to Holmes, now serving an 11-year prison sentence, but also to the case of British tech tycoon Mike Lynch, who was accused of fraud following Hewlett-Packard’s $11.1 billion acquisition of his company, Autonomy. Like those cases, this trial will explore whether the deception was deliberate or if the buyer ignored red flags in pursuit of a lucrative deal.
Prosecutors have already scored a key advantage, with Amar agreeing to testify against Javice. His testimony could be pivotal in proving that she knowingly misled JP Morgan. Meanwhile, the defence argues that the case is one of “buyer’s remorse,” insisting that JP Morgan was well aware of the risks and failed to conduct proper due diligence.
Beyond the legal proceedings, the trial is set to shine a light on the aggressive growth tactics and culture of hype that have long fuelled the startup ecosystem. Investors, including Apollo Global Management’s Marc Rowan and female-focused investment firm Gingerbread Capital, poured $20 million into Frank, seemingly without detecting any signs of fraud.
Before her downfall, Javice was the poster child for young entrepreneurship, splitting her time between Miami and New York, starting her days with pilates and ending them with sunset yoga. In a 2021 interview, she advised aspiring entrepreneurs: “If you see an opportunity, don’t be afraid to jump.”
By November 2022, she was on Forbes’ prestigious ‘30 Under 30’ list. A year later, the magazine had placed her in its ‘Hall of Shame’.
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Fraud trial of Forbes ‘30 Under 30’ star to expose startup culture’s dark side

Spending Review must prioritise employment reform and recruitment inve …

The Chancellor and the Treasury must reallocate funds to support employment and recruitment market reforms, according to the Association of Professional Staffing Companies (APSCo).
In its Spending Review submission, APSCo has urged the Government to focus investment on targeted employment reforms that will drive economic growth, improve regulatory frameworks, and address critical skills shortages across key industries.
The organisation is calling for a reconsideration of the Employment Rights Bill, particularly the zero-hours contract reforms, to ensure they do not adversely impact the highly skilled contingent workforce. APSCo has also highlighted the urgent need for visa system improvements, urging the Government to allocate greater resources to the Home Office so that critical visa reforms can be delivered efficiently.
Beyond immigration, APSCo is advocating for enhanced regulatory oversight within employment, including reforms to self-employment status, continuous review of Off-Payroll rules, and the proper regulation of umbrella companies to prevent exploitation in the labour market. It is also calling for modernisation of the Agency Worker Regulations 2010 (AWR), specifically excluding highly paid contractors from rules originally designed for lower-paid agency workers.
Concerns over supply chain payment transparency have also been raised, with APSCo urging the Department for Business and Trade (DBT) to take stronger action on reasonable payment terms, make the Prompt Payment Code mandatory for large businesses, and amend relevant regulations to improve fairness in supply chain payments.
Recognising the UK’s most critical workforce shortages, APSCo is further calling for sector-specific employment reform funding, particularly in industries such as health and social care, where recruitment challenges continue to impact service delivery.
Tania Bowers, Global Public Policy Director at APSCo, stressed that targeted employment reforms are essential to strengthening the UK’s economy and ensuring a skilled and competitive workforce: “The recruitment sector is a UK success story – delivering innovation and opportunity to the UK workforce – and will be critical to delivering sustained economic growth into the future.
“We share the Government’s mission-led focus on sustainable development within the Treasury’s fiscal constraints. However, regulatory reforms in employment are essential to underpin this growth by strengthening the UK’s skills base.”
Bowers also warned that recent policy changes within the Employment Rights Bill have already negatively impacted hiring, urging the Government to carefully consider the long-term consequences during the Spending Review.
With businesses and recruitment agencies facing increasing challenges in sourcing skilled talent, APSCo is calling for a balanced package of reforms to enhance employment regulations, improve visa accessibility, and strengthen the UK’s labour market for highly skilled professionals.
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Spending Review must prioritise employment reform and recruitment investment, says APSCo

Shein drops UK warehouse plans as doubts grow over London stock market …

Shein has scrapped plans to open a UK warehouse, further clouding its prospects for a blockbuster £50bn listing on the London Stock Exchange.
The fast fashion giant had been scouting large-scale warehouse sites in the East Midlands, including Derby, Daventry, Coventry, and Castle Donington, but has now confirmed it has “no plans” to proceed.
The move comes amid mounting regulatory pressures in the UK, US, and EU, as well as intensified scrutiny over Shein’s supply chain transparency and ESG credentials.
Shein’s direct-to-consumer model relies on shipping small tax-exempt packages from China, taking advantage of the US de minimis exemption, which allows packages under $800 (£645) to enter duty-free. However, former US President Donald Trump recently announced plans to close this loophole, a decision that—if implemented—could significantly impact Shein’s operations.
Meanwhile, the EU is reportedly planning similar tax reforms, further threatening Shein’s ability to circumvent import duties.
Shein’s London IPO ambitions have also been overshadowed by allegations of forced labour. Last week, campaign group Stop Uyghur Genocide launched a judicial review process aimed at blocking the listing, citing alleged links to forced labour in China—claims Shein strongly denies, stating it “strictly prohibits forced labour in its supply chain globally.”
Additionally, UK MPs have stepped up their scrutiny of Shein, calling company executives before the Business and Trade Committee last month to answer questions about their sourcing practices. When officials refused to confirm whether Shein sources cotton from China, MPs accused the company of “wilful ignorance.”
Shein had originally planned to list on the London Stock Exchange in the first half of this year, in what would have been one of the UK’s biggest IPOs. However, the company is now reportedly considering cutting its valuation to £40bn, down from an earlier £50bn estimate.
Meanwhile, property industry insiders suggest Shein’s ESG concerns are deterring UK warehouse landlords, further complicating its expansion plans.
Despite the challenges, a Shein spokesperson played down the warehouse U-turn, stating: “To support the growth of the business, Shein constantly explores warehousing locations worldwide. However, as Shein has no immediate need for a warehouse in the UK, there are no plans to have one.”
As regulatory, ethical, and operational pressures mount, Shein’s ability to secure a London stock market debut and expand its UK footprint remains in serious doubt.
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Shein drops UK warehouse plans as doubts grow over London stock market listing