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Revolve Boosts Sales 6%, But Shoppers Flock to Cheaper Goods

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Despite net sales tanking 20 percent in March due to COVID-19, first-quarter net sales at millennial- and Gen Z-driven fashion retailer Revolve increased by 6 percent to $147.08 million, outperforming Wall Street expectations and sending shares up as much as 13.39 percent in after-hours trading Wednesday. The trendy e-commerce merchant expects more sales of “at…

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