Kering shares fall after Asia curbs sales growth at Kering's fashion brand Gucci

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités
  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Iconic Italian fashion house Gucci’s sales grew by just 3.8% in the third quarter, missing analyst expectations

The logo of Kering is seen during the company's 2015 annual results presentation in Paris, France, February 19, 2016. REUTERS/Charles Platiau

"Gucci growth was disappointing, with retail sales +2% on a 2-year basis, decelerating from Q2 , negatively impacted by increased pandemic restrictions in APAC and a lack of product newness," wrote JP Morgan in a research note. Luxury goods groups have bounced back strongly from the fallout of the health emergency, lifted by pent-up demand for high-end wares as lockdowns ease across the world and consumers return to socialising.

However, shopping by travelling tourists - a key source of revenue for the sector - remains well below pre-pandemic levels.Our Standards:Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Reuters /  🏆 2. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Balenciaga Replaced Gucci as Most Searched Brand on LystBalenciaga Replaced Gucci as Most Searched Brand on LystThe latest Lyst Index also showed that in-person fashion shows and star-studded events made a big impact on the platform’s search results this past quarter.
Lire la suite »

Dakota Johnson Looked Breathtaking in a Nude Bejeweled Gucci Dress in LondonDakota Johnson Looked Breathtaking in a Nude Bejeweled Gucci Dress in LondonEverything about this look is gorgeous.
Lire la suite »

Gucci Mane Celebrates Longevity and His New 1017 Label With Private Atlanta DinnerGucci Mane Celebrates Longevity and His New 1017 Label With Private Atlanta DinnerThe rapper and CEO of The New 1017 label hosted a private dinner to celebrate his success and the release of his label's new compilation album.
Lire la suite »

Bella Hadid Celebrated Her Birthday in Vintage Gucci From 1998Bella Hadid Celebrated Her Birthday in Vintage Gucci From 1998Hadid’s outfit, designed by Tom Ford, is a late-90s throwback.
Lire la suite »

A New Cast of Marvel Superheroes Wearing Balmain, Louis Vuitton and Gucci Debuts on the 'Eternals' Red CarpetA New Cast of Marvel Superheroes Wearing Balmain, Louis Vuitton and Gucci Debuts on the 'Eternals' Red CarpetPlus, Zahara Jolie-Pitt wearing her mom's 2014 Oscars look by Elie Saab Couture.
Lire la suite »

Chloé Just Became B Corp CertifiedChloé Just Became B Corp CertifiedThe French fashion house is the first luxury brand to achieve the certification.
Lire la suite »



Render Time: 2025-03-17 21:00:16