Cettire (ASX:CTT) said about 41% of its first-half total gross sales in the US were from goods manufactured in European Union countries, according to a Thursday Australian bourse filing.
The company noted that shipments below $800 will continue to be exempt from duties and are unaffected by the new tariff announcement. It also stated that its average order value in the first half was AU$821.
Cettire highlighted that the new tariffs will likely impact the majority of online and offline luxury retailers, as a significant proportion of luxury items are manufactured in Europe. Several retailers have indicated intentions to raise the prices of luxury goods in the US.
The company said it expects to continue broadening its geographic revenue base without specifying details.
The company's shares plunged 16% in recent Thursday trade, earlier reaching their lowest since July 2022.
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