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Vipshop Holdings Q1 Revenue Misses Estimate; Plans To Repurchase Stock Worth $500M By Year-end

Vipshop Holdings Limited (NYSE:VIPS) reported first-quarter sales of $3.83 billion, which missed the Wall Street view of $3.93 billion. Total orders for the quarter were 178.5 million, compared with 184.4 million in the prior year period. Gross margin for the first quarter increased to 23.7% from 21.4% in the prior year period. Gross ...