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While Gucci's sales are still falling, green shoots are starting to emerge as a new .
Gucci, where Kering derives around half of its sales and more than two-thirds of .
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Comparable sales, a key measure of retail performance, jumped 25% at the . Kering sales rose 1 per cent on a comparable basis in the first quarter of 2023 to €5 billion, as its largest house, Gucci, shows signs of a rebound. The brand posted a sales bump of 1 per cent on a comparable basis .
While Gucci's sales are still falling, green shoots are starting to emerge as a new executive and creative team start to manage the brand for long-term growth. Gucci, where Kering derives around half of its sales and more than two-thirds of its profits, saw its revenues plunge 18% to .2 billion (€2.1 billion) as a slump in the Asia-Pacific region. Comparable sales, a key measure of retail performance, jumped 25% at the Italian fashion house to 2.17 billion euros (.61 billion), owner Kering SA said in a statement Bloomberg Terminal.
Kering sales rose 1 per cent on a comparable basis in the first quarter of 2023 to €5 billion, as its largest house, Gucci, shows signs of a rebound. The brand posted a sales bump of 1 per cent on a comparable basis to €2.6 billion in the first quarter of 2023 after falling 14 per cent in the fourth quarter.
Explore GUCCI outlet stores offering designer handbags, shoes and accessories for men, women and children. Discover the opening hours and services near you. Last week, its parent company, Kering, reported that Gucci's sales declined 18% in the first quarter of this year compared to the same period last year and warned that companywide recurring.
A worsening performance at Gucci is expected to drag parent company Kering’s comparable sales down by 10 per cent year-on-year in the first quarter, the luxury conglomerate warned on Tuesday. The surprise announcement comes a month before Kering is due to publish its full Q1 earnings report. As of 2024, Gucci was the fourth most valuable luxury brand worldwide, behind Louis Vuitton, Hermès, and Chanel. In that year, the brand had a value of about 23.8 billion U.S. dollars. Second-quarter sales for Gucci dropped 19 per cent to €2 billion, after an 18 per cent decrease in the first quarter. In response, the luxury conglomerate on Wednesday issued guidance for the rest of the year, expecting a 30 per cent drop in recurring operating income.
Sales at Gucci are expected to fall by 20% in the first quarter due to a slowdown in Asia, according to its Paris-based owner Kering. The warning contrasts with rivals LVMH and Hermès whose. While Gucci's sales are still falling, green shoots are starting to emerge as a new executive and creative team start to manage the brand for long-term growth. Gucci, where Kering derives around half of its sales and more than two-thirds of its profits, saw its revenues plunge 18% to .2 billion (€2.1 billion) as a slump in the Asia-Pacific region.
Comparable sales, a key measure of retail performance, jumped 25% at the Italian fashion house to 2.17 billion euros (.61 billion), owner Kering SA said in a statement Bloomberg Terminal. Kering sales rose 1 per cent on a comparable basis in the first quarter of 2023 to €5 billion, as its largest house, Gucci, shows signs of a rebound. The brand posted a sales bump of 1 per cent on a comparable basis to €2.6 billion in the first quarter of 2023 after falling 14 per cent in the fourth quarter.Explore GUCCI outlet stores offering designer handbags, shoes and accessories for men, women and children. Discover the opening hours and services near you. Last week, its parent company, Kering, reported that Gucci's sales declined 18% in the first quarter of this year compared to the same period last year and warned that companywide recurring.
A worsening performance at Gucci is expected to drag parent company Kering’s comparable sales down by 10 per cent year-on-year in the first quarter, the luxury conglomerate warned on Tuesday. The surprise announcement comes a month before Kering is due to publish its full Q1 earnings report. As of 2024, Gucci was the fourth most valuable luxury brand worldwide, behind Louis Vuitton, Hermès, and Chanel. In that year, the brand had a value of about 23.8 billion U.S. dollars. Second-quarter sales for Gucci dropped 19 per cent to €2 billion, after an 18 per cent decrease in the first quarter. In response, the luxury conglomerate on Wednesday issued guidance for the rest of the year, expecting a 30 per cent drop in recurring operating income.
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