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 companys draft prospectus ahead of its planned Hong Kong IPO, though details on the issue size and pricing remain undisclosed.

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