Gucci’s CEO says a slowdown is to be expected in a video to store employees
Kering, Gucci’s parent company, reported that about 77% of the sales (pdf) at the group’s luxury houses (of which Gucci is the largest) in the first half of 2018 came from directly operated stores.
The people staffing those stores—keeping them clean, organized, and inviting—are Gucci’s brand ambassadors throughout the world.
Gucci’s growth has already gone on longer than analysts expected, perhaps giving analysts more reason to believe a slowdown is imminent.
There are also concerns that China, the world’s biggest buyer of luxury goods, is seeing its economy start to stall.
Quartz at Work
Kering, Gucci’s parent company, reported
http://www.kering.com/sites/default/files/rapport_financier_semestriel_2018_va.pd