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Ecommerce hiccup leads to decrease at Capri

13/11/2023
Ecommerce hiccup leads to decrease at Capri

US group Capri Holdings has reported an 8.6% dip in revenue for the second quarter of fiscal 2024 to $1.29 billion, driven by lower demand in the US and the costs of a new ecommerce platform. The owner of Versace, Jimmy Choo and Michael Kors said transitioning to the platform created “greater than anticipated” challenges, impacting revenue by...

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