Why Farfetch Stock Dropped 12% in November
Shares of Farfetch (NYSE: FTCH) declined 12.2% last month, according to data provided by S&P Global Market Intelligence. The online luxury goods marketplace delivered third-quarter earnings that fell short of expectations.
While the company is making strides to gain market share in the $300 billion luxury goods industry, consumers began to shift spending away from luxury goods last quarter, which could pressure growth in the near term.
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Source Fool.com
