Published 3 days ago • loading... • Updated 1 day ago
Lost its Shein? Why the fashion giant's value has slumped
Investors are questioning whether acquisitions can offset slowing sales and new import charges as Shein’s U.S. revenue fell 14% in the first quarter, the company said.
The slump in Shein's valuation represents doubts about the Chinese firm's ability to grow rapidly into the future rather than an expectation that consumers are abandoning fast fashion, writes Adam Maguire.