✉news BusinessRetail first seen 2 h ago, last 38 min ago, peak #10
Shein quarterly profit falls 67% as costs rise
Original: Shein quarterly profit falls 67% as costs jump, Europe sales slump
Fast-fashion retailer Shein has reported a 67% drop in quarterly profit, hit by rising costs and a slump in sales across Europe. The company, which has built its business on ultra-cheap online apparel, is facing mounting pressure from regulatory scrutiny, trade rules and softer European consumer demand, raising questions about its growth model ahead of any potential listing.
Why now: Freshly reported financial results show a sharp profit decline at one of the world's largest fast-fashion companies, affecting suppliers, competitors and investors.
Rank over time, top of the chart is #1. 2 snapshots from 2 h ago to 38 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/277547