Aussie Cettire rises on improved product offerings in US, local markets

Cettire

19/03/2024 04:06

** Shares of Cettire  CTT.AX  rise as much as 4.8% to
A$4.350, their highest since March 5 
    ** Luxury online retailer says it has implemented product
enhancements in U.S. and Australia
    ** Update customer proposition in the two countries, adds it
has been simplified in the U.S. to remove any withholding for
estimated duties
    ** Adds, updated policies are not expected to have a
material impact on the co's revenue or earning
    ** Earlier this month, an investigative local media report
said the luxury online retailer withheld duties to be paid to
Australian customs
    ** Stock up for fifth consecutive session; up ~43% this
year, as of last close

 (Reporting by Neha Soni)
 ((Neha.Soni@thomsonreuters.com))