LVMH sales slump in China rattles investors in luxury shares: Report

Quick Summary:

Consumers in China in particular have curbed spending amid worries related to a weak property market.

There are no signs the recent moves have changed the behavior of consumers, Citigroup said in a note, basing its conclusions on activity at a luxury mall in Eastern China during the Golden Week holiday this month.

Consumers in China in particular have curbed spending amid worries related to a weak property market and uncertain employment outlook.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaJapan

Topics: Fashion brand sales LVMH shares Louis Vuitton sales High-end fashion brand sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 22:55:28 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 703 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23091770

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