Shein Flags Tariff Hits and Reports Loss Ahead of Hong Kong IPO
Shein swung to a $99 million quarterly loss in the first quarter of 2026, according to pre-IPO financial filings released on Sunday. Regulatory Pressures and U.S. Revenue Decline The online retailer posted a net income of $395 million during the same period a year earlier. According to the draft prospectus, the downturn was partly driven … Read more