
Shein blames tariffs for Q1 loss as it eyes IPO
Shein posted a $99 million loss in Q1 2026, reversing a $395 million profit a year earlier, and attributed the decline to higher U.S.–China tariffs after the end of the de minimis exemption. U.S. revenue fell 14.3% to $2.04 billion and the U.S. share of revenue declined as duties on Chinese-origin goods shipped to the U.S. rose to 10%-87.5%. The company plans to offset costs with price increases under a cost-plus strategy and is seeking funding as it prepares for an IPO; EU import-fee changes and regulatory scrutiny also frame the broader pressure.












