Shein Delivers $99 Million Loss For Q1 2026, Blaming Tariffs

Shein announced a $99 million loss for Q1 2026, with the company calling out U.S. tariffs as a major factor in the downturn. “In response to the increased duties and taxes, we are pursuing a wide range of options, including increasing our prices in the U.S. market to offset a portion of the increased costs,” Shein said (more).