Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Brokers have turned on former market darling Cettire, slashing their price targets in half after the online fashion retailer’s shock profit downgrade led them to question whether the company could restore its earnings power. Cettire blamed intense discounting by its failing competitors as the factor behind its falling margins after it told the sharemarket its profit would be more than 20 per cent below the consensus estimate, implying an unprofitable fourth quarter.
Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you. Most Viewed In Markets.
