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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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ASX closes 0.03% higher: Goldman Sachs predicts decline in iron ore prices

Goldman Sachs predicts a continued decline in iron ore prices this year due to a looming surplus in the physical market and increasing worries about China reducing its steel output, with the current 11.6% drop in iron ore futures from their recent high of US$114.95 to US$101.65 per tonne expected to worsen by a further 12%, meeting the criteria for a bear market, following a brief commodity price rally sparked by China's commitment to its property sector that has now waned due to inadequate stimulus and escalating concerns over Chinese steel production cuts.

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