Shares of fast-fashion platform Shein fall 6% after quarterly profit slides 67%

By Reuters Published September 29, 2026 Download Print Text size aA+ aA- Shares of fast-fashion platform Shein fall 6% after quarterly profit slides 67% By Reuters Published September 29, 2026 Shares of fast-fashion retailer Shein dropped more ⁠than 6% on Tuesday after it reported a 67% fall in quarterly profit, fuelling investor concerns over margin ⁠pressure and ‌slowing growth. Shutterstock Jefferies analysts ⁠estimated that earnings landed more than 10% below the low end of ​the ​range implied by Shein's prospectus. Adjusted net profit was $228 million for the second quarter and its margin was ‌squeezed ​to just 2.1% from 6.2% last year ‌as conflict in the ⁠Middle East pushed up jet ‌fuel and freight costs for the retailer that sends cheap clothes by air to shoppers around the world. Since its September 1 stock market ​debut in Hong Kong to Monday's market close, Shein's shares have dropped 27.3% from the offer ​price ‌of ​HK$48.56 ($6.19). The stock was trading around ‌HK$33.40 ‌on Tuesday. Shein CEO and Chair Yangtian Xu said on Monday a key priority was increasing ⁠the amount of inventory in Europe and the company plans to push ‌into higher-priced clothes ​that will boost its profitability. © Thomson Reuters 2026 All rights reserved. Tags : Fashion Business