BRIEF: LightInTheBox revenue plunges on shift to focus on profitability
E-commerce company LightInTheBox Holding Co. Ltd. (LITB.US) said on Tuesday its revenue plunged 63% in the third quarter year-on-year to $57 million, reflecting its decision to prioritize profitability over scale.…
LightInTheBox outpaces e-commerce rivals on low-end product focus, geographic diversity
The operator of online sites specializing in cheap apparel posted record quarterly revenue growth in the second quarter, though it lost money due to heavy spending on marketing Key Takeaways:…
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