Gucci Sales Fall 6% in Third Quarter as China Traffic Weakens
Kering said Gucci sales fell 6% in the third quarter, in line with market expectations, as low store traffic in China weighed on performance.
Kering EURONEXT:KER on Thursday said sales at its flagship label Gucci fell by 6% in the third quarter, in line with market expectations, as low store traffic in China weighed on the Italian brand's performance.Sales at Gucci, which accounts for roughly half of group profits, were down to €1.29 bil…