{
  "id": 10629881,
  "title": "Shares of fast-fashion's Shein plunge 14% to record low after profit slides",
  "url": "https://urgent.news/2026/09/29/shares-of-fast-fashions-shein-plunge-14-to-record-low-after-profit-10629881",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T06:30:59.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40441768/shares-of-fast-fashions-shein-plunge-14-to-record-low-after-profit-slides"
  },
  "original_language": "en",
  "account": "Shares of fast-fashion retailer Shein dropped as much as 14% on Tuesday following a 67% decline in quarterly profit reported in its first post-IPO results, sparking investor worries over margin pressure and slowed growth. The rapid rise of Shein, fueled by breakneck growth, is now being scrutinized for signs of moderation, according to Jianggan Li, CEO of consulting firm Momentum Works. Jefferies analysts estimated earnings for the quarter ending June 30 fell more than 10% below the low end of the range projected in Shein's prospectus. The share drop left the company with a market value of around $17 billion, down from approximately $26 billion at its Hong Kong IPO on September 1. The stock declined 10.9% to HK$31.44. Shein's adjusted net profit for the second quarter was $228 million, with margins reaching just 2.1%, down from 6.2% the previous year. This compression was caused by rising jet fuel and freight costs due to the Middle East conflict, and the imposition of a €3 fee on low-value e-commerce parcels by the European Union, effective July 1. In response, Shein CEO Yangtian Xu emphasized increasing inventory in Europe and expanding into higher-priced clothing to boost profitability. The company had previously had to raise prices in the US after the Trump administration ended duty-free access for low-value e-commerce parcels. The European fees might have a bigger impact than the US changes, according to Shein.",
  "summary": "HONG KONG: Shares of fast-fashion retailer Shein tumbled as much as 14% on Tuesday after it reported a 67% fall in quarterly profit in its first post-IPO results, fuelling investor concerns over margin pressure and slowing growth. Investors and analysts have been closely watching for signs that growth is moderating from the breakneck pace that propelled Shein’s rapid rise and underpinned its…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Shares of fast-fashion platform Shein fall 6% after quarterly profit slides 67%",
        "url": "https://urgent.news/2026/09/29/shares-of-fast-fashion-platform-shein-fall-6-after-quarterly-profit",
        "published": "2026-09-29T01:46:09.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Shares of fast-fashion platform Shein fall 4% after quarterly profit slides 67%",
        "url": "https://urgent.news/2026/09/29/shares-of-fast-fashion-platform-shein-fall-4-after-quarterly-profit",
        "published": "2026-09-29T01:48:29.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Shares of fast-fashion platform Shein fall 10% after quarterly profit slides 67%",
        "url": "https://urgent.news/2026/09/29/shares-of-fast-fashion-platform-shein-fall-10-after-quarterly-profit",
        "published": "2026-09-29T02:24:47.000Z"
      },
      {
        "outlet": "Nikkei Asia",
        "title": "Shein shares sink 12% as slow revenue growth fuels doubts",
        "url": "https://urgent.news/2026/09/29/shein-shares-sink-12-as-slow-revenue-growth-fuels-doubts",
        "published": "2026-09-29T02:30:53.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "Shein profit falls 67% as costs rise, Europe sales weaken",
        "url": "https://urgent.news/2026/09/29/shein-profit-falls-67-as-costs-rise-europe-sales-weaken",
        "published": "2026-09-29T03:12:21.000Z"
      },
      {
        "outlet": "SCMP Business",
        "title": "Shein drops 14% to record low after profit misses in first results since Hong Kong IPO",
        "url": "https://urgent.news/2026/09/29/shein-drops-14-to-record-low-after-profit-misses-in-first-results",
        "published": "2026-09-29T03:53:21.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Shein shares dive more than 11% after disappointing earnings",
        "url": "https://urgent.news/2026/09/29/shein-shares-dive-more-than-11-after-disappointing-earnings",
        "published": "2026-09-29T04:31:00.000Z"
      },
      {
        "outlet": "IOL",
        "title": "Shein shares dive more than 11% after earnings disappoint",
        "url": "https://urgent.news/2026/09/29/shein-shares-dive-more-than-11-after-earnings-disappoint",
        "published": "2026-09-29T05:15:00.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Shares of fast-fashion’s Shein plunge 14% to record low after profit slides",
        "url": "https://urgent.news/2026/09/29/shares-of-fast-fashions-shein-plunge-14-to-record-low-after-profit-10621460",
        "published": "2026-09-29T05:50:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}