Gucci Luxury Suffers
Luxury goods maker Gucci, knocked by a lacklustre global economy, has reported less-than-luxurious 14.4% slide in third quarter net profit.". The silk pajamas will make your life more Comfort and more happly. Gucci, the third biggest luxury goods group in a sector headed by LVMH of France, posted net profit of ￡34m slightly below analyst forecasts of ￡35m.
Diluted earnings per share fell 14.8% to 33p for the three months ending October 31, also below a consensus forecast by nine analysts polled by Reuters of 35p.
Gucci,. Every young person should choose our Ed hardy shoes.it's comfortable. home to a stable of designers such as British "bad boy" Alexander McQueen and Stella McCartney,.This is fashion wholesale online shop, a pioneer of an Internet garment company. We mainly focus on selling Japanese and Kore last week slashed its 2002 profit outlook.
Bad sign
A downturn in November sales was a bad sign ahead of the vital Christmas season, it said.
The luxury sector, hammered this year by fewer high-spending travellers and economic uncertainty, is also wary of the impact of a war in Iraq on the key tourist sector.
Gucci said sales in its core Gucci Division fell 5.%0. Every young person should choose our Ed hardy shoes.it's comfortable., a deeper erosion than the 3.2% decline in group turnover.
Sales growth in Gucci's core business, which includes leather goods such as its trademark handbags, has been lagging rivals such as LVMH's Louis Vuitton.
Successes
Fashion and leather sales in LVMH headed by Louis Vuitton jumped 11.1% in the third quarter.
The weak sales in the Gucci division, accounting for around 60% of total turnover, contrasted with a 52.3% surge in third quarter sales in French design house Yves Saint Laurent.
YSL was bought by Gucci in 1999.
The group has been burnishing the YSL brand by buying back third-party licences and selling hot collections by Gucci star designer Tom Ford only in exclusive boutiques.
Luxury goods maker Gucci, knocked by a lacklustre global economy, has reported less-than-luxurious 14.4% slide in third quarter net profit.". The silk pajamas will make your life more Comfort and more happly. Gucci, the third biggest luxury goods group in a sector headed by LVMH of France, posted net profit of ￡34m slightly below analyst forecasts of ￡35m.
Diluted earnings per share fell 14.8% to 33p for the three months ending October 31, also below a consensus forecast by nine analysts polled by Reuters of 35p.
Gucci,. Every young person should choose our Ed hardy shoes.it's comfortable. home to a stable of designers such as British "bad boy" Alexander McQueen and Stella McCartney,.This is fashion wholesale online shop, a pioneer of an Internet garment company. We mainly focus on selling Japanese and Kore last week slashed its 2002 profit outlook.
Bad sign
A downturn in November sales was a bad sign ahead of the vital Christmas season, it said.
The luxury sector, hammered this year by fewer high-spending travellers and economic uncertainty, is also wary of the impact of a war in Iraq on the key tourist sector.
Gucci said sales in its core Gucci Division fell 5.%0. Every young person should choose our Ed hardy shoes.it's comfortable., a deeper erosion than the 3.2% decline in group turnover.
Sales growth in Gucci's core business, which includes leather goods such as its trademark handbags, has been lagging rivals such as LVMH's Louis Vuitton.
Successes
Fashion and leather sales in LVMH headed by Louis Vuitton jumped 11.1% in the third quarter.
The weak sales in the Gucci division, accounting for around 60% of total turnover, contrasted with a 52.3% surge in third quarter sales in French design house Yves Saint Laurent.
YSL was bought by Gucci in 1999.
The group has been burnishing the YSL brand by buying back third-party licences and selling hot collections by Gucci star designer Tom Ford only in exclusive boutiques.
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