Scalper1 News
Chinese online-discount retailer Vipshop Holdings (VIPS) stock crumbled on Friday after the company lowered its revenue guidance for Q3, saying that “warmer-than-expected fall weather” had cut into sales as customers put off buying higher-priced winter clothes. Vipshop said that it expects revenue of RMB 8.6 billion ($1.35 billion) to RMB 8.7 billion ($1.36 billion), up 62% year over year at the midpoint. Vipshop had originally forecast revenue of Scalper1 News
Scalper1 News