STYLE
LVMH Fashion Sales Creep Up 1% in Q2
The luxury titan's fashion and leather goods division managed a modest 1% bump to €10.28 billion in the second quarter.
vogue.comLVMH reported a 1% rise in its fashion and leather goods sales, reaching €10.28 billion in the second quarter. Meanwhile, the luxury conglomerate's overall sales across all categories climbed 3% for the same period.
- Fashion and leather goods sales reached €10.28 billion in Q2
- The division saw a modest 1 per cent growth compared to previous periods
- LVMH's overall conglomerate sales were up 3% in the quarter
WHY THIS MATTERSWHY THIS MATTERS: When the world's biggest luxury barometer grows at a snail's pace of 1%, it signals that even the ultra-wealthy spending machine is tapping the brakes. If you're hoping luxury retail tricks down into stable jobs or wage growth, this sluggish crawl is your reality check.