Cettire founder Dean Mintz will sustain sharp promotions to attract shoppers in the busiest spending months of the retail calendar amid weak trading conditions that have crippled margins at the world’s luxury goods retailers.
Shareholders heard in a virtual annual general meeting that elevated inventory levels combined with softening demand translated to “very aggressive promotions” which have persisted into the new season.
Loading...
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
