JD Sports has recently revealed that its UK business is facing significant challenges due to a combination of adverse weather conditions and supply chain disruptions in the Red Sea. These factors have collectively contributed to a notable decline in sales, particularly in their outdoor product lines, as reported in their latest financial statements. Falling Sales […]
Lanvin Group Posts 20% Drop in Sales Amid Luxury Slowdown
The luxury fashion industry is facing a notable challenge as the Lanvin Group recently announced a significant 20% decline in revenue for the first half of 2024. This decrease amounts to €171 million ($191 million) and reflects broader trends affecting luxury brands in response to reduced consumer demand in key markets such as China and […]