Will Reliance and Shein destroy ZARA, H&M and ZUDIO? A Business Case Study. Check out. In 2024, while Zara with 2200 stores generated a revenue of 29.1 billion dollars, H&M with 4300 stood at 22 billion dollars where as Shein alone has generated a revenue of $48 billion USD by 2024. So Shein generates almost the same revenue as H&M and Zara combined that too without a single store in the world!!!!! And now shein is in India to wage a fast fashion war against the most formidable brands like Zara, H&M, zudio and Snitch!!! Its not just Shein the mammoth but Shein the mammoth with the godfather of Indian business who goes by the name Mukesh Ambani!!!
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