Lightinthebox Hldg Co Ltd - LITB STOCK NEWS

LightInTheBox (NYSE: LITB) has reported positive customer feedback for its newly launched Direct-to-Consumer (DTC) brand, achieving an average Net Promoter Score (NPS) of 60, exceeding the industry average for Consumer Services/Catalog/Specialty Distribution.

Customer testimonials praise the brand's high-quality products, particularly the apparel's fit and materials, along with exceptional customer service. The company's strategic shift towards proprietary DTC brands has been important in its return to profitability in recent quarters.

The new DTC approach, which involves controlling the entire value chain from design to delivery, has improved operational efficiency and customer loyalty. CEO Jian He expressed confidence in maintaining this momentum as the company plans to expand its portfolio of proprietary brands and implement AI technologies to enhance offerings and operations.

LightInTheBox (NYSE: LITB) has announced strategic initiatives to enhance its manufacturing capabilities and Direct-to-Consumer (D2C) model. The company has developed in-house manufacturing over the past year, transitioning to a Manufacturer-to-Consumer (M2C) model to reduce intermediary costs.

Key initiatives include implementing a 'light inventory' strategy with small-batch production to better respond to market demands and minimize overstock risks. The company is strengthening its D2C brand portfolio with a 'designed in California' emphasis to enhance American brand identity and align with local consumer preferences.

Additionally, LightInTheBox is focusing on developing private traffic channels through email marketing and social media communities to reduce dependency on third-party platforms and build a more loyal customer base.

LightInTheBox (NYSE: LITB), a global specialty retailer specializing in proprietary apparel brands and design-driven collections, has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC).

Shareholders can access the electronic copy of the annual report through the company's investor relations website or the SEC's website. Additionally, shareholders may request a complimentary hard copy of the company's audited financial statements for FY2024 by contacting ir@ador.com.

LightInTheBox (NYSE: LITB) reported its Q4 and full year 2024 financial results, marking a strategic shift towards margin preservation over market share. Q4 revenues declined 57% YoY to $58 million, while achieving profitability with net income of $0.5 million compared to a $4.3 million loss last year. Gross margin improved to 59% from 56% in Q4.

For full year 2024, revenues decreased 59% to $255 million, while gross margin increased to 60% from 57%. The company narrowed its net loss to $2.5 million from $9.6 million in 2023. Operating expenses declined 58% to $156 million through cost management initiatives.

The company launched two new apparel brands: Ador, targeting women aged 35-55, and a golf apparel brand for female golfers 35+. This brand matrix strategy aims to cover different market segments while creating business synergies in design, marketing, and operations. LITB plans to potentially launch another apparel brand in the coming year.

LightInTheBox (NYSE: LITB), a global online retailer specializing in proprietary apparel brands, has received a non-compliance notice from the NYSE on December 26, 2024. The notice indicates that LITB's average total market capitalization fell below $50 million over a 30 trading-day period, with stockholders' equity also below $50 million.

The company has 90 calendar days to submit a business plan demonstrating compliance within 18 months. If accepted, LITB's ADSs will continue trading on NYSE during this period, subject to semi-annual reviews. If rejected, delisting proceedings will begin. LITB notified NYSE on January 3, 2025, of its intention to remedy the deficiency.

The notice does not immediately impact LITB's listing status, and the company maintains compliance with all other NYSE listing standards. Regular business operations and SEC reporting requirements remain unaffected.

LightInTheBox (NYSE: LITB) reported Q3 2024 financial results showing a strategic shift towards proprietary brand development. Total revenues decreased 63% year-over-year to $57 million, while gross margin improved to 61% from 60%. The company achieved net income of $0.3 million, up from $0.1 million in Q3 2023.

Operating expenses declined 63% to $34 million, with significant reductions across fulfillment (50%), selling and marketing (67%), and general and administrative expenses (42%). The company launched Ador.com, a new women's clothing brand targeting the 35-55 age group, with design studios in the U.S. and China. The brand offers designer-quality apparel at approximately 50% of competitors' prices through a direct-to-consumer model.

LightInTheBox Holding Co. (NYSE: LITB) announced it will release its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on Tuesday, December 10, 2024. The company's management will host an earnings conference call at 8:00 a.m. Eastern Time on the same day (9:00 p.m. Hong Kong/Singapore time). A telephone replay will be available for a week until December 17, 2024. The company will also provide a live and archived webcast of the conference call on its Investor Relations website.

LightInTheBox Holding Co., (NYSE: LITB), an apparel e-commerce retailer with global shipping operations, has announced that all resolutions presented at its Annual General Meeting on October 11, 2024, were successfully passed. The complete text of the approved resolutions can be accessed in the meeting notice, which was filed with the SEC on Form 6-K on September 11, 2024. Shareholders and interested parties can find this information on the company's investor relations website at https://ir.lightinthebox.com/.

LightInTheBox Holding Co., (NYSE: LITB), an apparel e-commerce retailer, has announced an audio teleconference option for shareholders to virtually attend its Annual General Meeting (AGM). The AGM is scheduled for October 11, 2024, at 10:00 a.m. local time in Shanghai, China.

The company has provided dial-in numbers for participants from various countries, including the United States, Singapore, Mainland China, and Hong Kong. Shareholders can access the teleconference using the passcode 9810066083.

The resolutions to be considered and voted on at the AGM are available on the company's investor relations website. This virtual option allows for wider participation in the company's annual meeting.