✉news LifeFashion first seen 9 h ago, last 8 min ago, peak #4
Shein shares hit record low as profit slides
Original: Shares of fast-fashion's Shein plunge 14% to record low after profit slides
Shein's shares plunged 14% to a record low after the fast-fashion giant reported a drop in profit. The decline deepens pressure on the retailer, which has faced rising scrutiny over its business model and regulatory hurdles as it pursues a long-awaited stock market listing. Investors reacted sharply to the weakening financial performance, sending the company's valuation to its lowest level on record.
Why now: Investors and industry watchers are reacting to Shein's sharp share decline following disappointing profit results.
Rank over time, top of the chart is #1. 7 snapshots from 9 h ago to 8 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/324729