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Redbubble’s first-quarter profit slips, sales slow

(Source: Bigstock)
Online marketplace Redbubble says lower sales across all geographies have impacted profits in its first quarter trading update. Founded in Melbourne in 2006, the website creates print-on-demand products featuring artwork submitted by users. It has offices in San Francisco, Berlin and Melbourne. The company’s underlying marketplace revenue fell by 2 per cent to $102 million while its gross profit declined by 7 per cent to $39.4 million. This is largely the result of cycling $4 million in mask s
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