Reported 15 days ago
LVMH reports strong sales growth in the U.S., driven by affluent consumers who continue to indulge in luxury goods despite broader trends toward value-seeking. With a 3% increase in Q3 revenue year-over-year, LVMH cites the U.S. as a key market for its fashion, leather, watches, and beauty brands, while affluent Americans benefit from a booming stock market, suggesting a pivotal reliance on wealthier consumers in the economy.
Source: YAHOO