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BoF Daily Digest | PPR and Armani up, UK sales down, and Unstimulating checks
PPR Sales Rise 4.4% on Gucci, Bottega, African Arm (Bloomberg News)
Due to demands for YSL, Bottega Veneta, and Gucci items, PPR, the 3rd largest luxury goods conglomerate posted a 4.4% rise on Q2 sales.
Stimulus Checks Do Nothing to Boost Sales (DNR)
In the U.S., stimulus checks did little to reverse the slowing of consumer goods spending.
Armani Profits Soar in 2007 (DNR)
In 2007, Giorgio Armani SpA went up 66.2 percent compared to the previous year’s results.
Retail sales dive 3.9% in worst fall for 22 years (Times UK)
In the UK, retail sales in June dropped 3.9%, the largest monthly decline since 1986.
Photo of PPR’s Gucci ad campaign
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Hey thats a nice article. I am also into fashion industry and like reading such articles. I guess I will keep coming back for more. All the best.