Sales – Page 13 – Beautifaire

12 Apr

LVMH Proclaims ‘Excellent’ Begin to 2023 as Q1 Sales

LVMH Moët Hennessy Louis Vuitton trumpeted an “excellent start” to 2023, reporting revenues in the primary quarter jumped 17 percent due to robust demand for leather goods, and sharp increases at Sephora and DFS. Revenues on the world’s largest luxury conglomerate totaled 21.04 billion euros for the three months ended March 31, despite “a geopolitical and economic environment which stays uncertain.” The numbers mark an acceleration from the fourth quarter, when sales gained 15 percent, but got here in a shade down from the 19 percent logged within the third quarter of 2022. All business divisions except wines and spirits recorded double-digit gains in the primary quarter, with LVMH citing “strong growth momentum” in Europe and Japan due to each local customers and...

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9 Apr

Walmart Plans to Add $130 Billion in Sales Over

by Beauty Tips

Fashion, Featured

Walmart Plans to Add 0 Billion in Sales Over

The sheer size of Walmart Stores Inc. long made it a force of nature in the buyer world. And with revenues of $611 billion last yr, the scale remains to be very much there. But now, fashion is front and center within the business, especially online, where the retailer has 200 million apparel stock keeping units out of greater than 400 million skus overall. Walmart has pivoted from a bread-and-butter bricks-and-mortar retailer in recent times to grow to be a more forward-leaning Amazon competitor trying to layer in rather a lot more tech savvy. The corporate’s investor meeting in Tampa, Florida, on Wednesday made it clear just how far the corporate has come — and just how far it plans to go, adding more...

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8 Apr

Latin America’s Luxury Sales Drop After Two-year Boom

by Beautifaire101

Beauty, Featured

Latin America’s Luxury Sales Drop After Two-year Boom

Latin America’s luxury market is predicted to say no this 12 months as soaring inflation and sluggish economic growth hit sales of high-end products, analysts said. “We'll grow 8 percent this 12 months, which is lower than the 12 percent in 2022 and 20 percent in 2021,” said Abelardo Marcondes, founding father of local consultancy Luxury Lab, adding that this 12 months’s gains will clock in sharply above gross domestic product (GDP). “We've an inflation crisis within the region and within the U.S. but we'll still manage to grow above the economy.” This is basically resulting from Mexico’s buoyant sales, Marcondes added, which is able to sharply outpace the remaining of the region’s, gaining 10 percent as a powerful tourism industry and...

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5 Apr

Design Holding Sees 1B Euros in Sales; No IPO Plans

by Beauty Tips

Fashion, Featured

Design Holding Sees 1B Euros in Sales; No IPO Plans

MILAN — Italy’s leading high-end design, furniture and lighting company Design Holding said Wednesday that it closed 2022 with a surge in sales and expects to achieve the 1 billion euro mark in only a number of years. Founded in November 2018, Design Holding comprises leading brands B&B Italia, Flos, Menu, By Lassen, Lumens, Louis Poulsen, Arclinea, Maxalto, Azucena and produces Fendi Casa through a three way partnership with the Roman fashion house. It has a presence in greater than 130 countries. Within the 12 months ended Dec. 31, pro-forma revenues rose 15.7 percent to 867.6 million euros, compared with 2021, boosted by business within the U.S. and Asia Pacific, in addition to its high-end contract business. The figures take into the account its 2022...

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