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Stock impact report

LightInTheBox Reports First Quarter 2024 Financial Results

LightInTheBox Holding Co., Ltd. American Depositary Shares, each representing 2 ordinary shares (LITB) 
Last lightinthebox holding co., ltd. american depositary shares, each representing 2 ordinary shares earnings: 6/15 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.lightinthebox.com
Company Research Source: PR Newswire
SINGAPORE , May 28, 2024 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced its unaudited financial results for the first quarter ended March 31, 2024."We faced macroeconomic headwinds and increasing competition in the first quarter of 2024," said Mr. Jian He, Chairman and CEO of LightInTheBox. "We addressed the complex landscape with our high-quality development strategy, pivoting from prioritizing sales growth to focusing on profitability. We also strove to grow our brand awareness with high value-for-money products and optimize our consumption experience.""As we move through 2024, we will remain focused on high-quality development and profitability. We are fostering new brands and initiating a series of strategic adjustments to differentiate our products, services and customer experience while refining our localized operations and marketing campai Show less Read more
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