Luxury goods market to shrink for first time since the 2008 financial crash, research finds [CNBC]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
NASDAQ:AMEX Investor Relations:
lvmh.com/investors
Company Research
Source: CNBC
Global economic uncertainty and inflationary pressures have emerged as common threads in the earnings reports of luxury labels this year. Dwindling demand from the key Chinese market that has proven especially concerning for the sector. The personal luxury goods market looks set to face its first slowdown since the Global Financial Crisis this year, as macroeconomic uncertainty and a pronounced slowdown in China weigh on consumer spending, according to the Bain & Company's annual luxury report . This is the first slowdown in demand for personal luxury goods — which include clothing, bags, jewelry and cosmetics — in 15 years, excluding the Covid-19 lockdown period, according to the Wednesday findings. Higher costs and falling customer loyalty saw shoppers shun high-end brands in 2024, denting company profits and likely to cause the sector to contract by a projected 2% over the full-year period, the report showed. It noted that overall luxury spending is forecast to remain fl
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