Luxury Brands Face Volatile Recovery in Demand -- Market Talk

Dow Jones

Mar 24, 2025

0926 GMT - Luxury brands face an uncertain trajectory due to the environment in the U.S., Bernstein analysts say in a research note. Results for 2024 confirmed that demand for luxuries had improved, they say. However, recent policy decisions in the U.S.--which has become a key focus for luxury groups given weakness in the key China market--have made the trajectory more uncertain, the analysts say. "The path to a cyclical recovery has become more volatile," they add. Expectations are already low for sector bellwether LVMH, while Kering is expected to continue to face difficulties due to Gucci's turnaround challenges. Bernstein maintains its outperform rating on Hermes and Richemont. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 24, 2025 05:26 ET (09:26 GMT)

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Results for 2024 confirmed that demand for luxuries had improved, they say. However, recent policy decisions in the U.S.--which has become a key focus for luxury groups given weakness in the key China market--have made the trajectory more uncertain, the analysts say. \"The path to a cyclical recovery has become more volatile,\" they add. Expectations are already low for sector bellwether LVMH, while Kering is expected to continue to face difficulties due to Gucci's turnaround challenges. Bernstein maintains its outperform rating on Hermes and Richemont. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2025 05:26 ET (09:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Luxury Brands Face Volatile Recovery in Demand -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLuxury Brands Face Volatile Recovery in Demand -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-24 17:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0926 GMT - Luxury brands face an uncertain trajectory due to the environment in the U.S., Bernstein analysts say in a research note. Results for 2024 confirmed that demand for luxuries had improved, they say. However, recent policy decisions in the U.S.--which has become a key focus for luxury groups given weakness in the key China market--have made the trajectory more uncertain, the analysts say. \"The path to a cyclical recovery has become more volatile,\" they add. Expectations are already low for sector bellwether LVMH, while Kering is expected to continue to face difficulties due to Gucci's turnaround challenges. Bernstein maintains its outperform rating on Hermes and Richemont. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2025 05:26 ET (09:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4202","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2521715206","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521715206","pubTimestamp":1742808360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0926 GMT - Luxury brands face an uncertain trajectory due to the environment in the U.S., Bernstein analysts say in a research note. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4202":"服装、服饰与奢侈品","LVMUY":"路易威登","CFRUY":"历峯集团","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"奢侈品牌面临需求复苏波动——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LVMUY":0.9,"CFRUY":0.9},"content_text":"0926 GMT - Luxury brands face an uncertain trajectory due to the environment in the U.S., Bernstein analysts say in a research note. Results for 2024 confirmed that demand for luxuries had improved, they say. However, recent policy decisions in the U.S.--which has become a key focus for luxury groups given weakness in the key China market--have made the trajectory more uncertain, the analysts say. \"The path to a cyclical recovery has become more volatile,\" they add. Expectations are already low for sector bellwether LVMH, while Kering is expected to continue to face difficulties due to Gucci's turnaround challenges. Bernstein maintains its outperform rating on Hermes and Richemont. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2025 05:26 ET (09:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}