Luxury brands including Prada and Gucci's parent company Kering are competing for a prime two-block section of New York City's Fifth Avenue. Kering, which is preparing to report its full-year earnings on Thursday, has seen a 4% decline in Gucci's fourth-quarter sales due to slowing demand. The company is looking to turn around Gucci's fortunes, with new creative director Sabato de Sarno at the helm. Despite the recent sales drop, Kering has indicated an improving performance in the United States and Europe.
Gucci sales fall as the Italian label owned by Kering struggles to lure more wealthy shoppers https://t.co/b1p6nQ6xwe
Gucci sales fall as the Italian label owned by Kering struggles to lure more wealthy shoppers https://t.co/cjEA72MJ8e
⚠️ KERING Q4 SALES DECLINE 4%, FLAGS IMPROVEMENT IN US, EUROPE (Reuters) Kering posted a 4% decline in fourth quarter sales, hit by slowing demand for fashion as it seeks to turn around its top brand Gucci, but flagged an improving performance in the United States and Europe.… https://t.co/WSIll4FzHo
⚠️ GUCCI'S NEW DESIGNER IN FOCUS AS KERING PLOTS FUTURE GROWTH (Reuters) Investors will be looking to see if Gucci's new creative director Sabato de Sarno can move the needle on the company's financial performance when its owner Kering reports full-year earnings on Thursday.… https://t.co/e1WsbZhNfC
Luxury brands including Prada and Gucci parent Kering have been battling over a two-block section of New York City's Fifth Avenue https://t.co/gpLmdgBJ3T via @wealth
Luxury brands including Prada and Gucci parent Kering have been battling over a two-block section of New York City's Fifth Avenue https://t.co/QqLWGSV3a7