SHEIN SWINGS TO $99M LOSS AS US TARIFF RULE CHANGE BITES

Shein's Q1 revenue hit $9.05 billion, up 1% year-over-year, but the fast-fashion retailer posted a $99 million net loss—a sharp reversal from $395 million profit in the same quarter last year. The swing stems partly from the US removal of its "de minimis" tariff exemption.