Softer trading conditions proved detrimental for online luxury goods retailer Cettire (ASX: CTT), impacting its financial performance in the quarter. To combat the decline, the Company has expanded its base, officially launching its direct platform in mainland China which went live yesterday and has already processed orders. This marks a big step in its strategic
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Luxury retail platform Cettire (ASX: CTT) is coming off a pretty successful first half FY24—a remarkable feat at a time when luxury spending has taken a backseat. The Company saw a major uptick in gross revenue, reaching $460.5 million, a 90% increase compared to the previous corresponding period. Sales revenue also soared to $354.3 million,
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A CEO is the ultimate “inside man” of a company, no one knows the business better than they do. However, when they have started to sell a huge chunk of their shares every few months, is there a clearer telltale sign that the company has fallen from grace? Luxury goods retailer Cettire (ASX: CTT) confirmed
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Since February 2022, online luxury retailer Cettire (ASX: CTT) has seen its share price plummet from $2.13 to only $0.88 as of August 30. However, a baffling discrepancy followed as the Company released its financial report, announcing a gross revenue growth of 131% to $287.8 million. All this while, profit fell about 7.5% to $19.06
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If shareholder confidence is a sign of things to come, rocky waters may be ahead for luxury goods retailer Cettire (ASX: CTT) after its Founder and CEO cashed out $47.25 million of his shares with a pretty good idea of how their financial results for the year are going to look. Keen investors have been
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Despite living in track pants for the majority of the last few years, the retail fashion industry is very much thriving. Now that we have dusted off the proverbial cobwebs from the nicer side of our wardrobes, global luxury online retailer Cettire (ASX:CTT) is expanding. With Mainland China set to become the world’s largest market
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