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Revolve Blames Coronavirus for Lower Sales Outlook

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Revolve’s Q3 inventory challenges are now compounded by a new threat: coronavirus. In a Nutshell: The millennial-friendly fashion company slowed down its intake of new inventory in the fourth quarter after warning of possible margin issues in Q3. This impacted the company’s conversion and revenue growth, Revolve co-founder and co-CEO Mike Karanikolas said in a quarterly…

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