PARIS — LVMH Moët Hennessy Louis Vuitton said organic sales for its key fashion and leather goods division rose 9 percent in the fourth quarter, in line with market expectations, confirming a normalization of growth rates even as the world’s biggest luxury group reported record full-year revenues for 2023. In results reported after the market close on Thursday, LVMH […]
LONDON – With the challenges of lockdown in the rear view mirror, sales and profits at the Beckham family brands roared ahead in fiscal 2022, with the momentum continuing in the current year. Victoria’s and David Beckham’s various companies had a prosperous year, according to accounts filed this week on Companies House, the British government’s business register. […]
MILAN – The expansion of direct-to-consumer sales and investments in consumer experience contributed to a solid growth of Golden Goose across geographies in the first nine months of the year. Revenues of the Italian brand rose 19 percent to 421 million euros in the period ended Sept. 30. Compared with 2021, sales climbed 60 percent. In the […]
U.S. retail sales for holiday 2023 will grow between 3 percent and 4 percent over 2022 to between $957.3 billion and $966.6 billion, the National Retail Federation forecasts. The forecast, which is for the Nov. 1 to Dec. 1 period, marks a return to pre-pandemic holiday spending levels from more heady spending in more recent years. The […]
MILAN – After a 2022 that chief executive officer Silvio Campara had described as “unforgettable,” Golden Goose continued its upward trajectory in the first half of the year. In the six months ended June 30, revenues rose 21 percent to 276.4 million euros compared with the same period last year. Compared with the first half of 2021, sales soared […]
The Italian footwear industry reported another quarter of increased sales despite a slowdown in export volume and production, according to the latest data from Confindustria Moda Research Centre for Assocalzaturifici, the national association representing Italian shoemakers. In the first quarter of 2023, the country’s shoe sector saw a 13.6 percent increase in sales compared to the […]