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Latest in Richemont Sales Fall as Luxury's China Woes Linger

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  • Richemont Sales Fall as Luxury's China Woes Linger

    Richemont Sales Fall as Luxury's China Woes Linger

    The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.
    Business - The Wall Street Journal - 9 hours ago

  • LVMH stock falls on slumping luxury sales in China

    LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter sales
    Business - MarketWatch - October 16

  • Porsche AG Sales Fall Amid Slow EV Market, China Woes

    Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.
    Business - The Wall Street Journal - October 25

  • Remy Cointreau Warns of Sales Plunge as U.S., China Woes Persist

    The maker of Remy Martin and Cointreau ditched its forecast of a gradual organic sales recovery over the course of the year to March 2025 and projected, instead, a decline in the double-digit ...
    Business - The Wall Street Journal - October 25
  • Luxury goods shares fall as China slowdown hits LVMH

    Luxury goods shares fall as China slowdown hits LVMH

    Owner of Louis Vuitton and Dior brands reports 16% drop in third-quarter sales in Asia excluding Japan
    Business - Financial Times - October 16
  • Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas

    Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas

    Vice-president seeks to energise women voters as White House race against Donald Trump tightens
    Business - Financial Times - October 26
  • Nasdaq hits record high as tech stocks rebound from summer sell-off

    Nasdaq hits record high as tech stocks rebound from summer sell-off

    Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ bet
    Business - Financial Times - October 25

  • China woes weigh on profits at Toyota, Honda and BMW

    Even the strongest international carmakers are suffering from intense competition in the Chinese market
    World - Financial Times - 2 days ago

  • Hermes Sales Rise 11% Despite Luxury Slowdown

    Hermes reported a rise in sales for the third quarter but looking ahead, it cautioned about global economic, geopolitical and monetary uncertainties.
    Business - The Wall Street Journal - October 24
  • Hermès defies luxury gloom with strong sales

    Hermès defies luxury gloom with strong sales

    Paris house posts solid growth in contrast to rivals Kering and LVMH
    Business - Financial Times - October 24
  • LVMH shares down 7% after warning of ‘uncertain’ outlook

    LVMH shares down 7% after warning of ‘uncertain’ outlook

    World’s largest luxury group hit by pullback in Chinese consumer spending
    Business - Financial Times - October 16

  • Brunello Cucinelli Backs Growth Targets as Sales Defy Luxury Slowdown

    The fashion concern said its performance improved in both its retail and wholesale channels, with increased revenue across all its markets, in particular in the Americas.
    Business - The Wall Street Journal - October 17
  • Prada continues to defy luxury slowdown as Miu Miu sales boom

    Prada continues to defy luxury slowdown as Miu Miu sales boom

    Italian group bucks gloom but warns that conditions in Asia are becoming ‘more challenging’
    Business - Financial Times - October 30

  • ‘800lb gorilla’: luxury brands battle China’s hit grey-market app

    Sales of top brands on DeWu make up estimated 70% of country’s grey market as consumers hunt for lower prices
    World - Financial Times - October 15
  • Western consumer groups unconvinced by China’s economic stimulus efforts

    Western consumer groups unconvinced by China’s economic stimulus efforts

    Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidence
    Business - Financial Times - October 31

  • Oil scores back-to-back gains, but ‘bearish landscape’ remains

    Oil futures scored a second straight session of gains on Tuesday to claw back some of steep losses suffered last week, with prices supported by some upbeat prospects for Chinese demand and ongoing ...
    Business - MarketWatch - October 22

  • Kering Warns on Profit After Sales Slump Due to Gucci Revamp, Asia Woes

    The French luxury group posted third-quarter revenue below analysts’ estimates and said it expects operating profit to nearly halve this year.
    Business - The Wall Street Journal - October 23

  • Michelin Lowers Guidance After Sales Fall

    The market downturn in Europe was caused by customers’ weaker purchasing power due to high interest rates and uncertainties over the pace of the transition to electric vehicles, Michelin said.
    Business - The Wall Street Journal - October 23
  • Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

    Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

    German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market
    Business - Financial Times - October 25
  • Volkswagen profit plunges 64% as China sales slide

    Volkswagen profit plunges 64% as China sales slide

    Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains
    Business - Financial Times - October 30

  • Ferrari reiterates guidance as China deliveries fall sharply

    Ferrari on Tuesday reiterated guidance that it had increased earlier in the year as the sports-car maker said shipments fell sharply in China.
    Business - MarketWatch - 3 days ago

  • AstraZeneca shares fall as China probe intensifies

    Investigation of group’s China chief Leon Wang comes after several employees were found guilty of fraud
    World - Financial Times - 2 days ago

  • Oil prices fall after China stimulus disappoints

    Oil futures fell Friday, with weakness tied in part to disappointment in China’s latest round of stimulus measures.
    Business - MarketWatch - 28 minutes ago

  • Johnson & Johnson’s stock falls despite Q3 sales beat and guidance raise

    Johnson & Johnson reported better-than-expected third-quarter sales and raised its full-year revenue guidance.
    Business - MarketWatch - October 15
  • Starbucks scraps 2025 guidance after fall in sales and earnings

    Starbucks scraps 2025 guidance after fall in sales and earnings

    New chief Brian Niccol vows ‘to fundamentally change our strategy’ to return to growth
    Business - Financial Times - October 22

  • Starmer rejects calls for slavery reparations ahead of Commonwealth summit

    PM plans to focus on ‘future-facing challenges’ such as climate change but Caribbean leaders hope to raise the issue
    World - Financial Times - October 23

  • Honeywell’s stock falls as sales miss and lowered guidance offsets profit beat

    Honeywell International Inc.’s stock fell 2.5% early Thursday, after the aerospace and technology company missed third-quarter sales estimates and lowered its guidance, offsetting a profit beat.
    Business - MarketWatch - October 24
  • Sinologist Li Cheng: ‘America is not in the mood to study China’

    Sinologist Li Cheng: ‘America is not in the mood to study China’

    The political expert on the breakdown of US-Sino relations, what Xi Jinping’s fourth term might hold — and why neither Harris nor Trump makes him hopeful of change
    Business - Financial Times - October 25

  • Chipotle misses revenue estimates as same-store sales growth disappoints

    Chipotle's same-store sales rose 6% in the third quarter, just missing Wall Street's expectations.
    Business - CNBC - October 30

  • Chipotle’s new CEO maintains focus on faster service as sales fall short

    Shares of Chipotle Mexican Grill Inc. fell after hours on Tuesday after the Mexican fast-casual chain reported quarterly sales trends that were a bit weaker than expected.
    Business - MarketWatch - October 30

  • Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss

    Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.
    Business - MarketWatch - October 30
  • Shares in weight-loss drugmaker Eli Lilly fall on disappointing sales

    Shares in weight-loss drugmaker Eli Lilly fall on disappointing sales

    US group revises down upper end of full-year revenue estimates
    Business - Financial Times - October 30

  • EBay’s sales outlook comes in weaker, and stock falls more than 7%

    EBay’s slightly better-than-expected quarterly earnings were no match for a weaker sales outlook.
    Business - MarketWatch - October 31

  • Wendy’s stock falls as same-restaurant sales miss again, by a wide margin

    Shares of Wendy’s Co. were knocked lower on Thursday after the fast-food burger chain missed same-restaurant sales expectations again, by the widest margin in more than four years.
    Business - MarketWatch - October 31
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Topics
  • Richemont Sales Fall
  • Sales Fall Luxury's
  • Fall Luxury's China
  • Luxury's China Woes
  • China Woes Linger
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