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The French group’s were up 4.3 percent in afternoon trade after touching a record earlier in the day, helping to boost peers such as Gucci-owner Kering, Hermes, Burberry and Moncler. LVMH had reported forecast-beating results late on Wednesday. First-quarter revenue rose 16 percent to 12.5 billion euros ($14.10 billion), up 11 percent on a like-for-like basis, which strips out currency swings and the impact of acquisitions or disposals. Generally slower growth is expected when LVMH’s rivals report first-quarter numbers and the group “should stand above the peer average this year”, SocGen analysts wrote as the bank raised its rating on the company to “buy” from “hold”.
LVMH’s bullish comments about the appeal of its brands to Chinese consumers further buoyed its shares during a conference call with analysts on Thursday, “With the how to put cufflinks on a double cuff shirt Chinese, the business is really moving from strength to strength,” Financial Director Jean-Jacques Guiony said of LVMH’s main profit driver Louis Vuitton, adding that it had also sold well with Japanese and U.S, clients, Guiony confirmed that Chinese customers - who still mainly buy luxury items on overseas trips and who account for more than a third of the sector’s sales - were gradually spending more on home turf, encouraged in part by government efforts to fuel consumption by cutting VAT or import duties..
PARIS (Reuters) - From New York’s Fifth Avenue to Paris’ Place Vendome, Louis Vuitton sells its handbags at some of the world’s swankiest locations - but the brand is increasingly betting on “pop-ups” in off-beat spots as one way to keep shoppers hooked. The label, which drives the bulk of sales and profits at French luxury group LVMH, plans to hold 100 temporary events to sell its wares this year, up from 80 last year, the conglomerate’s financial director said on Thursday.
“This is the privileged way and the main way to drive innovation,” Jean-Jacques Guiony told analysts after the conglomerate posted a pick-up in first-quarter sales, beating analyst forecasts, “This trend in pop-up stores is extremely important, and we will continue to develop that because it enables us to be talking in a different way to our clients ., important and it adds flexibility with our network.”, Vuitton’s retail shake-up comes as luxury brands experiment with ways to attract younger shoppers, who how to put cufflinks on a double cuff shirt are increasingly propelling sales growth in a sector that has long been notoriously rigid in its approach, and slow to move into selling online for instance..
At the lower-end of the fashion scale, high street labels like H&M are grappling with shifting shopping habits, albeit often taking a different tack, such as sprucing up cluttered stores with a more luxurious feel. At Vuitton, recent “pop-ups” include one in London’s exclusive Mayfair neighborhood to highlight its menswear line, with a Wizard of Oz themed space featuring a yellow brick road staircase, and which shoppers had to book tickets to attend. With revenues of over 10 billion euros ($11.27 billion), Louis Vuitton is the world’s biggest luxury brand by sales, with privately-owned Chanel clipping at its heels, and Kering’s star brand Gucci on a mission to overtake it.
In its bid to stay ahead, Vuitton has also invested in how to put cufflinks on a double cuff shirt new designers, betting on Virgil Abloh, a DJ and founder of high-end streetwear label Off-White, to help jazz up its mens’ clothing lines, LVMH, which is notoriously tight-lipped about Vuitton’s performance, said on Thursday that the sales’ growth rate in men’s and womenswear was at a “very, very high level” in the first quarter, “It’s a small part of Vuitton’s total business but it creates a lot of buzz and is important to drive store traffic and to help Vuitton sell more accessories,” RBC Capital Markets analyst Rogerio Fujimori said of the men’s collections..
NEW YORK (Reuters) - Executives at the largest U.S. banks are grappling with how to best talk about the slowing economy and its impact on their businesses as they enter earnings season, people familiar with their thinking told Reuters. Of particular concern is how to deal with the word “recession,” which has become all but verboten as U.S. gross domestic product growth has decelerated. Although many economists are predicting a downturn, a big bank executive doing so can become a self-fulfilling prophecy. On the other hand, a top banker dismissing recession worries to calm fears could be seen as uninformed or dishonest.
When asked to name the single biggest threat to the U.S, economy at a congressional hearing on Wednesday, Citigroup Inc Chief Executive Officer Michael Corbat answered, “Our ability to talk ourselves into the next recession.”, The “R word,” as some are calling it, has been a topic of discussion during earnings planning, executives, investor relations staff and public relations officials said, There are a few well-tested strategies to reassure investors without misleading them, said Pen Pendleton, founding partner of financial how to put cufflinks on a double cuff shirt communications firm CLP Strategies in New York, and a former spokesman for Morgan Stanley and Credit Suisse Group AG..