The Luxury Industry Has a Warning About Consumer Spending
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LVMH Moët Hennessy Louis Vuitton first-quarter sales report carried a warning for the rest of the luxury sector: Demand for premium products isn’t bouncing back soon. The company hasn’t seen any major changes to consumer behavior as a result of tariffs yet, executives said. “With U.S. (and global) economic uncertainty remaining highly elevated, it is difficult to build a credible scenario of sequential revenue improvement in 2Q/3Q for LVMH and the luxury sector at this stage,” Citi analyst Thomas Chauvet wrote Monday.
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