Shein Shares Sink 21.5 Percent in First Week as US Business Slows
The fast-fashion retailer faces weaker U.S. sales, higher import costs, and new European restrictions following its Hong Kong market debut.
Shein’s stock has closed below its IPO price each day since its Hong Kong debut, ending its first week down 21.5 percent. The company reported a marginal 1.1 percent increase in global revenue for the first quarter of 2026. Notably, its U.S. revenue saw a decline of 14.3 percent during the same period.
- Shein’s shares closed 21.5 percent below its IPO price after four days of trading in Hong Kong.
- The stock has been below the offer price at the end of every trading session.
- Global revenue increased by 1.1 percent in the first three months of 2026, reaching $9.05 billion.
- U.S. revenue decreased by 14.3 percent, falling to $2.04 billion from $2.38 billion.
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