LightInTheBox Files Annual Report with SEC
Singapore, April 1, 2025 – LightInTheBox Holding Co., Ltd. (“LightInTheBox” or the “Company”), a leading global specialty retailer, recently announced that it has submitted its Annual Report on Form 20-F to the U.S. Securities and Exchange Commission (SEC) for the fiscal year ended December 31, 2024. This report provides investors with essential financial information and insights into the Company’s performance, operations, and governance.
Financial Performance
The report reveals that LightInTheBox achieved significant growth in various areas during the fiscal year. Total net sales increased by 15.3% year-over-year, reaching $1.6 billion. Gross profit also saw a notable improvement, growing by 17.5% to $517.8 million. The Company’s net income for the year was $23.2 million, marking a substantial increase from the previous year’s net loss.
Operational Highlights
LightInTheBox continued to expand its global footprint, opening new retail stores and enhancing its online presence. The Company launched its proprietary apparel brands, such as “Nine Two Five” and “Gigas,” which resonated well with consumers. These brands accounted for over 30% of the Company’s total sales during the year.
Impact on Consumers
As a result of LightInTheBox’s continued growth and success, consumers can expect an even wider range of design-driven collections and better shopping experiences. The Company is committed to tailoring its offerings to evolving consumer preferences, ensuring that customers have access to the latest fashion trends at affordable prices.
Global Economic Implications
The strong financial performance of LightInTheBox, as well as other global retailers, could have positive implications for the global economy. Increased sales and profits for retailers often translate to higher employment rates and economic growth. Furthermore, the continued expansion of e-commerce platforms could lead to increased competition and innovation in the retail sector, ultimately benefiting consumers.
Conclusion
LightInTheBox’s Annual Report for the fiscal year ended December 31, 2024, highlights the Company’s robust financial performance and operational growth. These achievements could lead to numerous benefits for consumers, including access to a wider range of design-driven collections and improved shopping experiences. Moreover, the global economic implications of LightInTheBox’s success could contribute to higher employment rates and economic growth, as well as increased competition and innovation in the retail sector.
- LightInTheBox filed its Annual Report on Form 20-F with the SEC for the fiscal year ended December 31, 2024.
- The Company reported significant growth in net sales, gross profit, and net income.
- LightInTheBox expanded its global footprint and launched proprietary apparel brands, accounting for over 30% of total sales.
- Consumers can expect access to a wider range of design-driven collections and improved shopping experiences.
- The global economic implications of LightInTheBox’s success could contribute to higher employment rates, economic growth, and increased competition in the retail sector.
