Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
NASDAQ:AMEX Investor Relations:
lvmh.com/investors
Company Research
Source: Yahoo! Finance
price hikes and economic uncertainty shrinking the industry's customer base, according to consultancy Bain & Company. In its closely-watched report on the 363-billion-euro ($386 billion) market, Bain estimated a 20-22% sales drop in China, which has turned into a drag after a years-long boom before the pandemic fuelled by the wealthy and growing middle-class. The forecasts include the effect of currency moves. "This is the first time the personal luxury goods industry has declined since the 2008-09 crisis, with the exception of the pandemic," Bain partner Federica Levato told Reuters. The study released on Wednesday will likely heighten concerns among investors that the sector's current downturn, which has knocked shares in the likes of LVMH and Kering, may be longer and deeper than anticipated. Global sales of luxury personal goods - spanning clothing, accessories and beauty products - are expected to be flat at constant exchange rates during the holiday season, with China'
Show less
Read more
Impact Snapshot
Event Time:
LVMUY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LVMUY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LVMUY alerts
High impacting LVMH-MOET H/L/V UNSP/ADR news events
Weekly update
A roundup of the hottest topics
LVMUY
News
- Annual beauty Advent calendar craze is changing how cosmetics brands court new shoppers [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- In Praise of Adele and the Long Black Dress [The New York Times]The New York Times
- BIG BANG UNICO NOVAK DJOKOVIC [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- LVMH Billionaire Bernard Arnault Receives Malcolm S. Forbes Lifetime Achievement Award [Forbes]Forbes
- BIG BANG UNICO NOVAK DJOKOVIC [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The