Kuwait Oil Company (KOC) considers raising prices after incurring losses estimated at $99 million

Shein announced that it is considering a range of options, including raising prices, amid slowing sales following U.S. President Donald Trump’s decision to revoke a customs exemption that had allowed small parcels to enter the United States duty-free. The Singapore-headquartered fast-fashion company, which was founded in China, reported a loss of $99 million in the first three months of this year, compared to a net profit of $395 million during the same period last year. The financial results were disclosed as the company prepares to list its shares on the Hong Kong Stock Exchange, although the submitted documents did not include details on the size of the initial public offering (IPO), its timing, or the expected share price. The company confirmed that tensions with Iran have affected demand, increased costs, and caused delivery delays in some markets. The first-quarter results also included a non-cash loss of $328 million, resulting from an adjustment in the valuation method for certain investor shares. These shares can be converted into ordinary shares at a later stage, and their value may change before the company’s listing on the stock exchange. Documents showed that Shein’s number of active customers reached 281 million for the year ended in March 2026, an increase of more than 16 percent compared to the previous year, with these customers making over one billion purchases.