Rekindled Gucci Desirability Fails to Light Flame Under Kering Sales
Gucci’s sales decline to €1.29 billion as Kering keeps its full-year guidance and says store traffic remains the main constraint.
10 Articles
10 Articles
Rekindled Gucci desirability fails to light flame under Kering sales
At 3.34 billion euros ($3.75 billion) in the three months to the end of September, Kering's sales were stable from the same period last year, in line with analyst expectations. Excluding exchange rate fluctuations and changes to the business, sales dipped one percent. Sales at Gucci fell by four percent to 1.29 billion euros. That is worse than the three percent decline registered in the second quarter, but Kering downplayed the decline as bein…
Gucci’s sales drop 5% in third quarter as weak Chinese demand dampens turnaround hopes - Regional Media News
PARIS, Oct 22 (Reuters) - Kering on Thursday said sales at its flagship label Gucci fell by 6% in the third quarter, in line with market expectations, as low store traffic in China weighed on the Italian brand's performance. Sales at Gucci, which accounts for [...]
Kering Sales Fall 1% in Q3
Revenue at Gucci — its largest brand — was down 6%.
Gucci’s sales drop 5% in third quarter as weak Chinese demand dampens turnaround hopes
PARIS, Oct 22 (Reuters) - Kering on Thursday said sales at its flagship label Gucci fell by 6% in the third quarter, in line with market expectations, as low store traffic in China weighed on the Italian brand's performance. Sales at Gucci, which acc...
PARIS (ANP/BLOOMBERG) - Sales of luxury brand Gucci fell more sharply in the third quarter than analysts had widely expected, primarily due to weak figures in China. The recovery plan for the brand of the French luxury group Kering has been struggling for years. Yet not all Western brands have the m...
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium











