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Gucci Sales Slump 10% in Quarter
(Source: LuxuryBrandNetwork.com)
In the third quarter of 2009, sales of Gucci Group dropped by 10.0% on a comparable basis. Sales in directly operated stores posted robust performances, while wholesale activities suffered from the economic difficulties facing department stores and franchisees. . . . keep reading
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Gucci Continues China Expansion
(Source: London Guardian)
Gucci CEO Patrizio Di Marco will not slow down China expansion plans, despite the current economic climate. The company just opened its 28th Chinese location and plans to end the year with between 30 and 32 stores. . . . keep reading
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Gucci Group Sales Up 21% in Emerging Markets
Despite a comparable store sales decrease of 3.4% globally for the quarter ended 31 March, the Gucci brand itself showed tremendous resilience. Sales for Gucci-branded merchandise rose 1% on a comparable basis while revenue for Bottega Veneta, Yves Saint Laurent and the Group's other brands all fell. . . . keep reading
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