Clockwise from Top. Luxury Q3 results. Companies are beginning to report their third quarter results, and we’re starting to see how larger fashion brands are continuing to fare as they face COVID-induced economic headwinds. LVMH reported last week that while year to date sales are still quite down compared to last year, its fashion group saw strong sales growth in the third quarter. Q3 sales were up 12% compared to Q3 last year, providing the luxury conglomerate with some much needed momentum going into the 4th quarter. Within its fashion group, LVMH singled out its Chinese and North American markets, as well as Louis Vuitton and Dior, as its biggest strengths. Given the encouraging signs from LVMH, and the continued success of mass market retailers like Costco, Wal-Mart, Target and Amazon, combined with
TT Vol. 24
TT Vol. 24
TT Vol. 24
Clockwise from Top. Luxury Q3 results. Companies are beginning to report their third quarter results, and we’re starting to see how larger fashion brands are continuing to fare as they face COVID-induced economic headwinds. LVMH reported last week that while year to date sales are still quite down compared to last year, its fashion group saw strong sales growth in the third quarter. Q3 sales were up 12% compared to Q3 last year, providing the luxury conglomerate with some much needed momentum going into the 4th quarter. Within its fashion group, LVMH singled out its Chinese and North American markets, as well as Louis Vuitton and Dior, as its biggest strengths. Given the encouraging signs from LVMH, and the continued success of mass market retailers like Costco, Wal-Mart, Target and Amazon, combined with