Shein Shares Fall to Record Low Following 66% Profit Slump
UKPulse Money Desk
Shein's shares have fallen to a record low, with second-quarter profits down 66% year-on-year to £173 million, according to its first results since listing.
- Shein's second-quarter profits were £173 million, a 66% decrease from the previous year.
- The company's shares have reached a record low.
- These are Shein's first results since its Hong Kong listing on September 1.
Shein's shares have fallen to a record low following the release of its second-quarter results. The fast-fashion retailer reported profits of £173 million for the quarter, marking a 66% decrease compared to the same period last year.
These figures represent the company's first results since it listed in Hong Kong on September 1.