Is Cettire’s 90% share price decline signaling deeper problems?
ASX code: CTT
Cettire experiences market pressure amid trade tensions
Cettire, a global online retailer of personal luxury goods, has reported softness in the United States (US) market as trade tensions with China escalate. With the US representing Cettire’s largest market and Chinese imports accounting for 3.8% of the retailer’s total sales, the company faces significant exposure to ongoing trade disputes.
This market pressure has resulted in Cettire shares falling approximately 16%, closing at their lowest level since August 2022. The company has not provided additional guidance, instead emphasising its focus on achieving profitability in the current quarter.
For the third quarter (Q3), Cettire recorded a modest 1% increase in sales…
