Shein posts $99-million quarterly loss ahead of Hong Kong IPO
Shein quarterly loss
Covered by 9 sources
- Irish Times Business·3h agoShein slumps to loss as EU and US trade tensions hit fast-fashion retailer
Chinese group highlights risk of escalating trade tensions with major export markets ahead of planned Hong Kong listing
Read at Irish Times Business → - Irish Examiner Business·4h agoShein profits suffer as tariffs and Middle East war hit hard
Shein reveals quarterly financials ahead of planned Hong Kong listing
Read at Irish Examiner Business → - Guardian UK·4h agoOil price slides as US and Iran pause fire; cancer treatments help AstraZeneca beat profit forecasts – business live
Rolling coverage of the latest economic and financial news The Chinese fast fashion giant Shein reported a $99m (£74.1m) net loss in its first quarter, after the removal of an import duty exemption in the US on small packages triggered a slowdown in sales. The figures were…
Read at Guardian UK → - BBC Top Stories·9h agoShein swings to a loss as Trump tariffs hit sales
The announcement comes as the fast fashion giant prepares for its stock market debut in Hong Kong.
Read at BBC Top Stories → - ET Tech·20h agoShein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO
The retailer won approval from the China Securities Regulatory Commission for its Hong Kong listing on July 10, clearing the way for a listing after failed attempts in New York and London.
Read at ET Tech → - Bloomberg Business·1d agoShein’s Slowing Growth Disclosure Pressures IPO Valuation
Fast-fashion retailer Shein Group Ltd. disclosed slowing profitability and revenue growth in the first detailed look at its finances ahead of a planned Hong Kong listing, adding pressure on the valuation it can command in one of the year’s biggest initial public offerings.
Read at Bloomberg Business →
