World's largest luxury group LVMH posts better than feared full-year sales

The world's largest luxury company LVMH on Tuesday reported better-than-expected full-year sales, in the strongest sign yet of a potential turnaround in the high-end sector.

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Shares of LVMH drop 5% as full-year results throw doubt on broad luxury recovery

LVMH shares dropped as slightly better-than-expected full-year results from the world's largest luxury company threw doubt over a broader sector recovery.
CNBC - 14h
Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday.
NBC News - 5d
Burberry shares jump 13% after better-than-expected quarterly sales

Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, in the first glimpse of fresh efforts to revamp the beleaguered British fashion house.
CNBC - 5d
Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs at its corporate headquarters in Germany in a bid to simplify its business—not to cut costs.
CNBC - 6d
Target says its holiday sales were better than expected — but its profits weren't

The big-box retailer's report indicates that deals and promotional events motivated shoppers.
CNBC - Jan. 16
Why Visa’s stock could be a better play than Mastercard’s this year

Visa’s more U.S.-focused business looks like an asset, according to Seaport Research.
MarketWatch - Jan. 14
Nordstrom raises sales outlook after holiday season was better than feared

CEO Erik Nordstrom credited the company's "efforts to remain competitive in the promotional environment and the strength of our offering."
CNBC - Jan. 11
World’s largest chip maker, Taiwan Semiconductor Manufacturing, reports record sales

The key supplier of advanced chips for the world’s leading tech companies saw record revenue in the final quarter of 2023.
MarketWatch - Jan. 10
As Art Sales Fall, Christie’s and Sotheby’s Pivot to Luxury

With both supply and demand for big-ticket art in a slump, Sotheby’s and Christie’s are making major bets on selling handbags, classic cars and niche experiences.
The New York Times - Jan. 9

World's largest luxury group LVMH posts better than feared full-year sales

Topics

Related

Shares of LVMH drop 5% as full-year results throw doubt on broad luxury recovery

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Burberry shares jump 13% after better-than-expected quarterly sales

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Target says its holiday sales were better than expected — but its profits weren't

Why Visa’s stock could be a better play than Mastercard’s this year

Nordstrom raises sales outlook after holiday season was better than feared

World’s largest chip maker, Taiwan Semiconductor Manufacturing, reports record sales

As Art Sales Fall, Christie’s and Sotheby’s Pivot to Luxury

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