Topic
shein
Trade Shein swings to a quarterly loss after Donald Trump’s trade rules slow US sales
Fast-fashion e-commerce giant Shein reported a $99m net loss for Q1 2026, compared with a $395m profit a year earlier, citing the removal of the US de minimis import duty exemption on small packages. The company also flagged headwinds from US-China tariff uncertainty and the Iran war, and plans to raise prices in the US market. Shein received approval from the China Securities Regulatory Commission for a Hong Kong IPO on 10 July 2026.
Primark Slashes Prices Up to 29% in Response to Pressure from Shein and Temu
Primark has announced price cuts of up to 29% on hundreds of clothing items, responding to intense competition from online fast-fashion rivals Shein and Temu. The move comes as Primark's like-for-like sales drop and its parent company plans a stock market spin-off. The price war highlights the pressure on traditional retailers from cross-border e-commerce platforms that benefit from low operational costs and import duty exemptions.