Shein plunges to £74m loss due to Trump tariff crackdown

Shein has swung to a £74m quarterly loss after changes to US import rules pushed up costs and dented sales in its largest market.
The company fell into the red during the first three months of 2026, compared with a £295m profit during the same period last year, according to financial information published ahead of its planned Hong Kong stock-market listing.
The loss was partly driven by a one-off £245m accounting charge linked to convertible preferred shares. However, Shei