Shares of fast-fashion retailer Shein fell more than 6% on Tuesday after the company reported a 67% decline in quarterly profit, raising concerns among investors about mounting margin pressure and slowing growth, according to a report by Reuters.
Adjusted net profit stood at $228 million in the second quarter, while the company's profit margin narrowed sharply to 2.1% from 6.2% a year earlier, according to Reuters.
