Shein reports 67% second-quarter profit drop as costs and Europe sales fall
Fast-fashion platform Shein reported a 67% drop in second-quarter adjusted net profit to $228 million in its first financial results as a public company, according to its financial results released on September 28. Profit Plunge Driven by Rising Fulfillment Costs and Middle East Conflict Shein’s bottom line took a hit as conflict in the Middle … Read more