Originally posted by: you2
Gucci is no longer a luxury brand. The sales have been plummeting for 2 years.
25% for last quarter..led by ASIA PACIFIC. They would take Alia for free..rather than pay anyone else.
Gucci did far better elsewhere
In Kering's first quarter of 2025, Asia-Pacific retail sales experienced a decline of 25%. This was attributed to challenges in the luxury sector, including a dip in demand, particularly in China, and broader macroeconomic headwinds. The company's overall revenue also declined by 14% in Q1, with Gucci sales taking the brunt of the losses. Kering's wholesale revenue also decreased significantly, partly due to the company's focus on strengthening distribution exclusivity.
Bloomberg says that Gucci fell off from high fashion, into discount rack
https://www.youtube.com/watch?v=xbgYIQPIkm8&t=47s
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