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Unexpected Sales Drop For LVMH Underscores The Luxury Sector’s Challenges In 2024 - Skywire

Posted by Liz Seyi on November 15, 2024 at 9:00am 0 Comments

LVMH’s reputation has long been one of a luxury giant that somehow weathers economic storms better than its competitors. This makes it all the more startling a story that for the three months to the end of September, group revenues fell to €19.1 billion (£16 billion) – a 3% decline compared to a year earlier.

Furthermore, the French conglomerate’s fashion and leather goods division – widely seen as a bellwether for the luxury goods industry – saw its sales decline by 5%.

Those…

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Tammy Martin's Blog – January 2023 Archive (1)

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What Are the Advantages of Owning a Brick and Mortar Business?

When entrepreneurs are entering in a new market, then he gets confused that should establish a bricks and motors business or run an online store. Even though the online market is increasing and adding many creative techniques to increase sales, people still prefer Brick and Mortar Businesses.



Some shoppers have changed their shopping habits, but most of them still find a good land-based store to buy products. Here are a few advantages… Continue

Added by Tammy Martin on January 27, 2023 at 7:09am — No Comments

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