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Stock impact report

Personal Luxury Goods Market to Slow in 2024 [Yahoo! Finance]

PVH Corp. (PVH) 
Last pvh corp. earnings: 4/1 04:15 pm Check Earnings Report
US:NYSE Investor Relations: pvh.com/investor-relations
Company Research Source: Yahoo! Finance
Bain & Company's Luxury Goods Worldwide Market Study — Spring 2024, presented on Tuesday with Altagamma in Milan, projects the personal luxury goods market to post 0 to 4 percent growth in 2024, in line with a previous forecast released in November pegging revenues at between 365 billion and 385 billion euros. Last year, the sector posted modest growth, following a record year in 2022, reaching a market value of 362 billion euros. More from WWD Level Shoes' Elisa Bruno Shares Insights on the Luxury Market in Saudi Arabia EXCLUSIVE: Church's Drops New Global Campaign Charles Finch, James Barshall Take to the High Seas With a Shoe Meant for Serious Sailors Amid ongoing global turmoil, with wars ablaze in Ukraine and Gaza, the Bain-Altagamma analysis sets out two scenarios: A positive one driven by a better-than-expected performance of the Chinese market – to be a growth between 4 and 6 percent on 2023. A realistic scenario shows overall growth more severely impacted by a slo Show less Read more
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