Shein reports £74m quarterly loss amid crackdown on small parcels
UKPulse Money Desk
Fast-fashion retailer Shein has reported a £74 million loss for the three months to the end of March 2026, a significant shift from the £296 million profit recorded a year earlier.
- Shein recorded a £74 million loss in the first quarter of 2026.
- This compares to a £296 million profit in the same period last year.
- Sales for the quarter increased by 1.1% to £6.8 billion.
Shein, the fast-fashion giant, has announced a £74 million loss for the three months ending March 2026. This marks a substantial decline from the £296 million profit reported in the corresponding period of the previous year.
The company's sales for the quarter saw a modest increase of 1.1%, reaching £6.8 billion. The reported loss follows what has been described as a crackdown on small parcels from China.