The Financial News

The Financial News

The golden era of cheap Shein shopping is winding down


Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on small packages and a hefty one-time accounting charge, the online retailer’s pre-IPO financial filings showed on July 26. How does this impact consumers? Reuters Asia Financial Services Correspondent Selena Li has more.

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