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LVMH earnings suggest luxury spending is suddenly slowing in the U.S.

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LVMH sales rose in Asia and Europe, but the luxury goods company struggled in the U.S. during the second quarter.

on Tuesday reported a surprising drop in U.S. sales in the second quarter, as its chief financial officer said "aspirational customers are not shopping as much as they used to."

"If we assume that that group was benefitting from subsidies during COVID, those come to an end at some point," he said. LVMH reported a similar shift in spending last year, when Americans returned to Europe en masse, partially cannibalizing sales in the U.S.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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LVMH’s Latest Sales Figures Suggest the U.S. Luxury Market Could Be WeakeningThere was a surprising drop in LVMH's U.S. sales last quarter, but the company still saw strong performance in China.
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