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LATEST

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Asia

Global Market: Shein slips to quarterly loss as US tariff changes weigh on sales ahead of Hong Kong IPO

Markets-Economic Times · 2h ago · 🇮🇳 India

Global Market: Shein slips to quarterly loss as US tariff changes weigh on sales ahead of Hong Kong IPO

Fast-fashion giant Shein reported a $99 million loss in Q1 2026, hit by slowing sales after the US ended duty exemptions for low-value imports and a one-time accounting charge. The disclosure came in the company’s draft prospectus ahead of its planned Hong Kong IPO, though details on the issue size and pricing remain undisclosed.

Read the full story at Markets-Economic Times →

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