✉news BusinessRetail first seen 2 h ago, last 2 h ago, peak #8
Shein returns to profit in second quarter
Fast-fashion retailer Shein returned to profit in the second quarter, according to a Reuters report. The turnaround marks a recovery for the online retailer after a period of losses, and comes as the company prepares for a potential stock market listing while facing scrutiny over labour practices and environmental impact. Investors and industry watchers will be looking for details on margins, sales growth and how new import tariff rules are affecting its low-price business model.
Why now: A profitable quarter is a notable turnaround for one of the world's largest fast-fashion retailers, especially ahead of a possible IPO.
Evidence
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