BBC News·3 min read·medium
Shein swings to a loss as Trump trade rules hit sales
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✦AI Summary
Fast-fashion retailer Shein reported a quarterly loss of $99 million, citing the removal of US import duty exemptions and increased operational costs. The company is currently preparing for an upcoming IPO in Hong Kong while navigating geopolitical tensions and supply chain challenges.
Image source, In Pictures via Getty Images By Peter Hoskins Business reporter Published 6 minutes ago Shein says it swung to a quarterly loss as its sales slowed after US President Donald Trump removed an import duty exemption on small packages.
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