Luxury slowdown no hurdle as Cettire posts profitable Q1
Cettire (ASX:CTT), an online luxury goods platform, has reported profitable growth for the first quarter of FY25, even as global luxury demand softened.
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Cettire Limited
Cettire is your online destination exclusively for luxury fashion. We sell a huge range of products from over 500 designers, which include an extensive range of women’s and men’s wear from world-renowned brands such as Prada, Gucci, Saint Laurent, Balenciaga and Valentino.
We pride ourselves on providing outstanding customer service and a seamless user experience through every facet — cutting-edge technology, carefully selected products and brands with a secure and easy-to-use payment system.
We also provide free express shipping so you receive your items within the time we promised, as well as easy returns so our customers can shop with confidence.
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News
Cettire shares skyrocket
An auditor’s tick was worth hundreds of millions of dollars on Tuesday to shareholders in Cettire (ASX:CTT), the controversial online luxury goods operator.
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Cettire faces investor scrutiny amid profit decline
The wheels well and truly fell off the finances of luxury online retailer Cettire (ASX:CTT), and investors once again punished the former high-flyer with another market pounding on Thursday.
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Cettire shares plummet after surprise downgrade reveals profit issues
Shares in online luxury goods seller Cettire (ASX:CTT) fell sharply on Monday after the company surprised investors with a downgrade. Upon closer inspection, it was revealed that the company had been selling goods at little to no profit in the final months of 2023-24.
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Melbourne-based luxury goods website Cettire thrives amid retail gloom
Despite the gloom in retailing, catering to aspirational and wannabe consumer groups is still paying off handsomely for Melbourne-based luxury goods website Cettire, which reported its best half-year performance ever.
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Cettire shines in online luxury retail as others struggle to recover
In a retail landscape where companies like Kogan.com (ASX:KGN) and the online divisions of traditional retailers such as Myer (ASX:MYR) and Kmart are grappling with declining sales due to the resurgence of in-store shopping, Cettire (ASX:CTT), an online luxury goods group, stands out by not only weathering the storm but thriving and raking in substantial profits, as evidenced by its latest sales and earnings data.
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Bourse Discourse: CTT, ALL
A disappointing sales report on Thursday saw shares in online retailer Cettire fall more than 20%, while poker machine giant Aristocrat suffered a setback to its expansion plans.
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