LITB - Apparel e-Commerce Retailer LightInTheBox Posts 13% Revenue Decline In Q4 Reveals NYSE Non-Compliance Letter | Benzinga
LightInTheBox Holding Co., Ltd. (NYSE:LITB) reported a fourth-quarter FY23 sales decline of 13.3% year-on-year to $135.6 million versus sales of $156.42 million last year.
Product sales decreased 14.3% to $130.9 million, and Services and others sales rose to $4.6 million. Sales from apparel decreased by 12.4% to $108.5 million in the fourth quarter of 2023.
The gross margin for the quarter expanded 170 basis points to 55.6%, ...