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Revolve Blames Coronavirus for Lower Sales Outlook

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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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