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Mytheresa’s Growth, Profits Slip Amid Luxury Slowdown

Mytheresa’s Growth, Profits Slip Amid Luxury Slowdown

The luxury e-tailer saw modest growth as aspirational luxury consumers cut back on nonessential spending. In its first quarter of the year that ended in September, Mytheresa’s gross merchandise volume — a measure of goods sold on the platform — rose 3 percent year over year to €204 million ($224 million), against a 13 percent increase in the previous quarter.

The company’s profit margins also fell as price-conscious consumers flocked…


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Watching the watchdogs: American TV, Gaza and two sides of a ceasefire

Watching the watchdogs: American TV, Gaza and two sides of a ceasefire

mental health

Study shows generational decline in mental health of Australians