Rajiv MenonE-Tailing
Shein Net Profit Drops 67 Percent to 228 Million Dollars as Air Freight Squeezes Margins
Second-quarter revenue rose just 0.9 per cent to 11.08 billion dollars while stock in Hong Kong fell 27.3 per cent below its listing price.
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Sarah ChenE-Tailing
Shein Second Quarter Profit Plunges 67 per Cent to US$228 Million
Higher jet fuel costs and shrinking sales across Europe and the United States eroded operating margins to 2.1 per cent in the retailer’s first public report.