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LightInTheBox Holding Co Ltd (LITB) provides investors and industry observers with comprehensive access to official corporate announcements and market developments. This curated resource aggregates all verified news related to the global e-commerce leader's operations across apparel, lifestyle products, and cross-border retail solutions.
Track the company's latest financial disclosures including quarterly earnings reports, strategic partnership announcements, and supply chain innovations. Our repository ensures timely access to material updates about product line expansions, regional market entries, and operational milestones that shape LITB's position in competitive online retail markets.
Key updates cover corporate governance changes, technological advancements in LITB's data-driven platform, and consumer trend adaptations across its core demographics. All content is sourced directly from company filings and authorized communications to maintain regulatory compliance and factual accuracy.
Bookmark this page for efficient monitoring of LightInTheBox's evolving business strategy and market performance. Regular updates provide stakeholders with essential insights into the company's execution of its global e-commerce vision across 140+ countries.
LightInTheBox Holding Co., (NYSE: LITB), an apparel e-commerce retailer, has announced its upcoming Annual General Meeting (AGM) scheduled for October 11, 2024, at 10:00 a.m. local time in Shanghai, China. The meeting aims to consider and pass resolutions outlined in the AGM Notice. Shareholders of record as of September 23, 2024, are eligible to attend and vote. ADS holders must act through The Bank of New York Mellon or their securities intermediary to exercise voting rights. The company's annual report on Form 20-F for the fiscal year ended December 31, 2023, is available on their website and the SEC's website. Shareholders can request a free hard copy by contacting ir@lightinthebox.com.
LightInTheBox Holding Co., (NYSE: LITB), an apparel e-commerce retailer with global shipping, has announced its upcoming annual general meeting (AGM) to be held in October 2024 in Shanghai, China. The primary purpose of the AGM is to consider and potentially pass resolutions to adopt the sixth amended and restated memorandum and articles of association. This amendment aims to remove special voting rights of certain shareholders as outlined in the current fifth amended version. The company will soon file the AGM Notice and proxy form with the SEC and make them available on its investor relations website.
LightInTheBox Holding Co., (NYSE: LITB), an apparel e-commerce retailer, has announced the appointment of Mr. Zhi Yan as a director and chairman of the Board, effective August 26, 2024. Mr. Yan replaces Mr. Jian He as chairman, who will remain a director and CEO. Mr. Yan previously served as a director from 2016 to 2023 and brings extensive experience in various industries, including commercial property, finance, and e-commerce.
Mr. Yan is the founder, CEO, and chairman of Zall Smart Commerce Group (HKSE: 2098) and holds leadership positions in other companies. He has a master's degree in business administration and a doctorate in Chinese History. Notably, Mr. Yan's daughter, Dr. Ge Yan, also serves as a Board director at LightInTheBox.
LightInTheBox Holding Co., (NYSE: LITB), an apparel e-commerce retailer, has announced plans to change its American Depositary Shares (ADS) ratio. The new ratio will be 1 ADS representing 12 ordinary shares, effective September 5, 2024. This change is equivalent to a 1-for-6 reverse ADS split. ADS holders will need to exchange every six existing ADSs for one new ADS. The company's ADSs will continue trading on the NYSE under the ticker 'LITB' with a new CUSIP number. No fractional new ADSs will be issued, and the depositary bank will sell fractional entitlements, distributing net proceeds to applicable ADS holders. The ADS trading price is expected to increase proportionately, although this is not guaranteed.
LightInTheBox Holding Co., (NYSE: LITB) reported its Q2 2024 financial results, showing a return to profitability with a net income of $0.6 million. Despite a 63.8% year-over-year decrease in total revenues to $69.4 million, the company's strategic focus on profitability proved effective. Key highlights include:
- Gross margin improved to 62.4% from 57.5% in Q2 2023
- Operating expenses decreased to $42.7 million from $111.8 million in Q2 2023
- Adjusted EBITDA was an income of $1.2 million, compared to a loss of $0.7 million in Q2 2023
The company aims to continue refining its differentiation strategy, focusing on strengthening localized operations and upgrading products and services to build brand recognition in a competitive market.
LightInTheBox Holding Co., (NYSE: LITB), an apparel e-commerce retailer, has announced it will release its unaudited financial results for the second quarter ended June 30, 2024 before U.S. markets open on Friday, August 2, 2024. The company's management will hold an earnings conference call at 9:00 a.m. Eastern Time on the same day. Participants can preregister for the call through a provided link, receiving dial-in numbers, an event passcode, and a unique access PIN. A telephone replay will be available for a week after the call, and a live and archived webcast will be accessible on the company's Investor Relations website.
LightInTheBox (NYSE: LITB) reported its unaudited financial results for Q1 2024 on May 28, 2024. The company faced macroeconomic challenges and increased competition, resulting in a shift from sales growth to profitability focus. Total revenues dropped by 51.8% year-over-year to $71.2 million, and apparel sales decreased by 52.7% to $56.4 million. Gross profit fell to $41.4 million, while operating expenses were reduced to $45.5 million. The net loss was $3.8 million, slightly improving from $4.0 million the previous year. Adjusted EBITDA remained a loss of $3.1 million. The company had $30.9 million in cash and equivalents as of March 31, 2024. For Q2 2024, net revenues are expected to be between $60 million and $70 million. A share repurchase program has been extended through June 30, 2024.
LightInTheBox (NYSE: LITB), an apparel e-commerce retailer, announced it will release its unaudited financial results for Q1 2024 on May 28, 2024, before U.S. markets open.
On the same day, the management will hold an earnings call at 9:00 a.m. ET. Participants need to preregister to receive dial-in details, an event passcode, and a unique access PIN.
A telephone replay will be available until June 4, 2024, and a live and archived webcast can be accessed on the company's Investor Relations website.
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