Shein Profit Drops 67% as Duty-Free Shipping Ends
Shein said Tuesday its second-quarter adjusted net profit fell 67% to $228 million, blaming the end of duty-free treatment for low-value parcels in the US and Europe. That matters to any store owner at Ecommerce Paradise scale or bigger, because Shein is the price anchor for a huge slice of cheap online goods. Its US […]
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