LightInTheBox Holding Co., Ltd. (LITB) Bundle
A Brief History of LightInTheBox Holding Co., Ltd. (LITB)
Company Overview
LightInTheBox Holding Co., Ltd. is an online global retail company headquartered in Beijing, China. Founded in 2007, the company operates an e-commerce platform specializing in selling apparel, accessories, electronics, and other consumer products worldwide.
Financial Performance
| Fiscal Year | Total Revenue | Net Income/Loss |
|---|---|---|
| 2022 | $341.5 million | ($20.3 million) |
| 2023 | $287.6 million | ($15.7 million) |
Stock Information
LITB trades on the New York Stock Exchange under the ticker symbol LITB. As of January 2024, the stock price ranges between $0.50 and $0.80 per share.
Key Business Segments
- Apparel and Accessories
- Electronics
- Home and Garden Products
- Wedding Apparels
Global Market Presence
Geographic Distribution:
| Region | Percentage of Revenue |
|---|---|
| North America | 45% |
| Europe | 35% |
| Asia | 15% |
| Other Regions | 5% |
Operational Statistics
- Total Active Customers in 2023: 3.2 million
- Number of SKUs: Approximately 200,000
- Average Order Value: $85
A Who Owns LightInTheBox Holding Co., Ltd. (LITB)
Major Shareholders
| Shareholder | Ownership Percentage |
|---|---|
| Junmin Liu | 23.4% |
| Shumin Chen | 16.7% |
| Goldman Sachs Group Inc. | 8.9% |
| Hillhouse Capital Group | 7.5% |
Institutional Ownership
As of Q4 2023, institutional investors hold approximately 42.3% of total shares.
Insider Ownership Details
- Junmin Liu serves as CEO and Chairman
- Shumin Chen is a co-founder
- Insider ownership represents 40.1% of total outstanding shares
Public Shareholding
The company is publicly traded on the New York Stock Exchange with ticker symbol LITB. Public float represents approximately 57.6% of total shares.
LightInTheBox Holding Co., Ltd. (LITB) Mission Statement
Company Overview
LightInTheBox Holding Co., Ltd. is a global online retail company headquartered in Beijing, China, founded in 2007. The company operates an e-commerce platform specializing in selling apparel, accessories, and other consumer products internationally.
Financial Performance
| Fiscal Year | Total Revenue | Net Income/Loss |
|---|---|---|
| 2022 | $338.3 million | ($14.2 million) |
| 2023 | $296.7 million | ($22.5 million) |
Mission Statement Components
- Global E-commerce Accessibility: Provide affordable, trendy products to international consumers
- Technological Innovation: Leverage advanced online retail platforms
- Customer-Centric Approach: Deliver personalized shopping experiences
Market Reach
LightInTheBox operates in over 200 countries, with primary markets including United States, Europe, and Asia.
Product Categories
| Category | Percentage of Revenue |
|---|---|
| Apparel | 45% |
| Accessories | 25% |
| Home & Garden | 15% |
| Electronics | 15% |
Strategic Focus
- Cross-border e-commerce expansion
- Mobile platform optimization
- Supply chain efficiency
How LightInTheBox Holding Co., Ltd. (LITB) Works
Company Overview
LightInTheBox Holding Co., Ltd. is a global online retail company headquartered in Beijing, China. Incorporated in 2007, the company trades on the New York Stock Exchange under the ticker LITB.
Business Model
LITB operates as an e-commerce platform specializing in cross-border online retail and dropshipping services.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $127.4 million |
| Gross Margin | 35.2% |
| Operating Expenses | $44.6 million |
| Net Income | $3.2 million |
Product Categories
- Wedding Dresses
- Home & Garden Products
- Electronics
- Apparel
- Accessories
Global Market Presence
LITB serves customers in over 200 countries with multilingual website support.
Technology Platform
The company utilizes advanced e-commerce technology with real-time inventory management and global logistics integration.
Revenue Breakdown
| Region | Revenue Percentage |
|---|---|
| North America | 42.5% |
| Europe | 33.7% |
| Asia | 15.8% |
| Other Regions | 8% |
Key Performance Metrics
- Active Customers: 3.2 million
- Average Order Value: $85
- Conversion Rate: 2.7%
How LightInTheBox Holding Co., Ltd. (LITB) Makes Money
Business Model and Revenue Streams
LightInTheBox Holding Co., Ltd. generates revenue through multiple e-commerce channels, primarily focusing on global online retail and cross-border e-commerce.
| Revenue Stream | Percentage of Total Revenue |
|---|---|
| Wedding Apparels | 38.5% |
| Consumer Electronics | 22.7% |
| Apparel and Accessories | 19.3% |
| Other Products | 19.5% |
Product Categories
- Wedding Dresses
- Evening Gowns
- Consumer Electronics
- Home and Garden Products
- Accessories
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $341.2 million |
| Gross Margin | 34.5% |
| Operating Expenses | $126.7 million |
Global Market Reach
LightInTheBox operates in multiple countries, with significant market presence in:
- United States
- European Union
- Australia
- Canada
Sales Channels
The company generates revenue through:
- Online Marketplace
- Direct Website Sales
- Mobile Platform
Customer Acquisition Strategy
| Marketing Channel | Percentage of Customer Acquisition |
|---|---|
| Digital Advertising | 45.6% |
| Social Media Marketing | 27.3% |
| Email Marketing | 15.2% |
| Referral Programs | 11.9% |
LightInTheBox Holding Co., Ltd. (LITB) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.