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Luxury Stocks Fall on Concerns over Chinese Consumer Spending; LVMH, Hermès, and Kering Continue to Decline, with Ferragamo Leading the Decline | SVT Global, October 1
On October 1st, the SVT Global index, which primarily comprises fashion and beauty stocks from Europe and the Americas, saw Under Armour lead the gains with a 4.04% rise. Meanwhile, Lululemon Athletica continued its decline, falling 0.34%. Since its earnings announcement on September 3rd, Lululemon has been affected by weak demand, particularly in the Americas, and, following the struggles of its competitors, has seen other companies like Under …
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On October 1st, the SVT Global index, which primarily comprises fashion and beauty stocks from Europe and the Americas, saw Under Armour lead the gains with a 4.04% rise. Meanwhile, Lululemon Athletica continued its decline, falling 0.34%. Since its earnings announcement on September 3rd, Lululemon has been affected by weak demand, particularly in the Americas, and, following the struggles of its competitors, has seen other companies like Under …