Crop-Top Tax Offers a Bit of Relief to Struggling Brazil Retailers [BNN Bloomberg (Canada)]
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
Last sea limited american depositary shares, each representing one class a ordinary share earnings: 3/3 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
seagroup.com/investor/home
Company Research
Source: BNN Bloomberg
The bill approved in Brazil's lower house Wednesday, which slaps a 20% levy on low-cost imports, is meant to contain growing competition from Asian fast-fashion players Shein Group Ltd., Sea Ltd.'s Shopee and upstart Chinese app Temu as they expand in Latin America's biggest economy. It will take immediate effect once it receives a presidential signature. It's known in Brazil as the taxação das blusinhas, or crop-top tax, in a nod to the cheaper, cutoff shirts popular among young women, especially middle and lower classes across Brazil — an important group of voters for Luiz Inacio Lula da Silva, who initially opposed it. But while domestic brands like C&A Modas SA, Lojas Renner SA and Guararapes Confeccoes SA could win back a few customers, the debt-laden firms are still facing higher-for-longer interest rates and a retail landscape radically altered by e-commerce and international competition. “This new tax should help the competitive scenario and provide relief to Brazilian
Show less
Read more
Impact Snapshot
Event Time:
SE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SE alerts
High impacting Sea Limited American Depositary Shares, each representing one Class A Ordinary Share news events
Weekly update
A roundup of the hottest topics
SE
News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sea Limited - SEAccesswire
- Is It Worth Investing in Sea Limited (SE) Based on Wall Street's Bullish Views? [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sea Limited - SEPR Newswire
- Crop-Top Tax Offers a Bit of Relief to Struggling Brazil Retailers [Yahoo! Finance]Yahoo! Finance
- Frost & Sullivan Institute Announces the Fourth Edition of the Enlightened Growth Leadership Best Practices Recognition, 2024PR Newswire
SE
Earnings
- 5/14/24 - Miss