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Redbubble sales fall despite Covid boosting online shopping

(Source: Bigstock)
Online marketplace Redbubble says its sales fell by 16 per cent in the third quarter, despite a high level of returning customers who first engaged with the brand during Covid lockdowns. In a trading update, the company said its third-quarter sales fell to $384 million with gross profit down by 22 per cent to $144 million. Operating EBITDA was $4.5 million. The group has also registered ‘strong’ overall customer retention during the quarter with 47 per cent of marketplace revenue com
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