Fashion

Kering Sees Unexpected Revenue Performance, Rising in North America and Falling in Europe

Gucci, one of the hottest brands of 2020, has suffered a decrease in sales.

1,741

Kering Sees Unexpected Revenue Performance, Rising in North America and Falling in Europe

Gucci, one of the hottest brands of 2020, has suffered a decrease in sales.

Having experienced significant losses in Q1, Kering has now reported its latest revenue performance for Q3. Based on data and research by Stock Apps, the luxury fashion conglomerate saw a 44.1 percent jump in North America and a 41 percent slump in Western Europe.

Overall, Kering’s key regions for Q3 included North America, followed by Asia Pacific at 18.5 percent. Gucci – one of the company’s biggest brands that was named the hottest by Lyst – saw a 12.1 percent YoY decrease in sales during the quarter, although its page views did increase by 52 percent. Just like its parent company, the label experienced growth in revenue by 43.7 percent in North America and 10.6 percent in APAC, contrasting the significant drop in regions like Japan. The uneven numbers are due to the lack of tourism in Western Europe and Japan this year due to the coronavirus pandemic. In addition to Gucci, Bottega Veneta‘s revenue was up by 17 percent YoY, with online sales skyrocketing by 101.9 percent.

You can head over to Stock Apps for the full report on Kering’s Q3 revenue.

Read Full Article
Text By
Share this article

What to Read Next

Stay on Top of Your Accessories Game With Off-White™’s AirPods Cases
Fashion

Stay on Top of Your Accessories Game With Off-White™’s AirPods Cases

Arriving with branded wrist straps for extra safety.

Elevate Your Space With Cartier's Festive Home Objects
Art & Design

Elevate Your Space With Cartier's Festive Home Objects

A luxe collection spanning decor, stationeries and more.

Chadwick Boseman Wins Posthumous Award for 'Ma Rainey's Black Bottom'
Film & TV

Chadwick Boseman Wins Posthumous Award for 'Ma Rainey's Black Bottom'

One of many honors the late actor has won since his death.

Barack Obama Names Megan Thee Stallion and Dua Lipa Among His Favorite Music of 2020
Culture

Barack Obama Names Megan Thee Stallion and Dua Lipa Among His Favorite Music of 2020

The former president announced his top picks in music, TV, film and literature.

Data Shows Pokémon Trading Cards and Retro Video Games Are the New Ways to Invest
Culture

Data Shows Pokémon Trading Cards and Retro Video Games Are the New Ways to Invest

Trading cards have a yearly increase of over $40,000 USD.

Snuggle Up in These 9 Cozy and Sustainable Knitwear Brands
Fashion 

Snuggle Up in These 9 Cozy and Sustainable Knitwear Brands

Build a stylish and eco-conscious wardrobe with these designs.

Fear of God ESSENTIALS Drops Holiday Loungewear Collection
Fashion

Fear of God ESSENTIALS Drops Holiday Loungewear Collection

Including matching hoodies and sweatpants.

The HYPEBAE Best: Our 10 Favorite Movies and TV Shows From 2020
Film & TV

The HYPEBAE Best: Our 10 Favorite Movies and TV Shows From 2020

Standout releases from a year full of quarantine streaming.

Tonight, Jupiter and Saturn Will Form a Rare "Christmas Star" — Here's How to Watch the Phenomenon
Culture

Tonight, Jupiter and Saturn Will Form a Rare "Christmas Star" — Here's How to Watch the Phenomenon

The two planets will align closer together than they have in 800 years.

Drake and Nike Tease February 2021 NOCTA Drop
Fashion

Drake and Nike Tease February 2021 NOCTA Drop

Including new outerwear, apparel and accessories.

More ▾
 

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.