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"tags": [
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"https://www.calcalist.co.il/world_news/article/rkofxhsrye"
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[
"subject",
"LVMH's reputation is not bulletproof: a decline in sales in the first quarter"
],
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"1744712524"
],
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"LVMH, the parent company of Louis Vuitton and Christian Dior, reported a 5% decline in organic sales for the first quarter, missing analyst expectations. The company attributed the decline to a weak demand from Chinese consumers, who account for a significant portion of its sales. The company also reported a decline in sales in the US, citing a weak demand from American consumers. The decline in sales is attributed to the impact of US tariffs, which have led to a decline in demand from Chinese consumers. The company's CFO, Cesilie Kabinis, stated that the company's performance was affected by the weak demand from Chinese consumers, who are known for their high-end spending habits."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq5zdqs8pe2w97wnpnl3yq4tzp2n8wpy2z5pn0hl46kn8m5fezld9q8vm2lw\nhttps://pic1.calcalist.co.il/picserver3/crop_images/2022/02/06/BJlGb3MaRF/BJlGb3MaRF_116_19_553_311_0_large.jpg\nThe giant retailer reported a 3% decline in sales for the first three months of the year to 20.3 billion euros, following declines in the US, China, and Japan. The fashion division, which includes brands such as Louis Vuitton and Dior, recorded a 5% decline during the period. The results, which missed expectations, deepened concerns about the sector's state amidst tariffs.\nhttps://www.calcalist.co.il/world_news/article/rkofxhsrye",
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