Richemont Falls on US, China Luxury Demand Concerns

The video discusses concerns over declining sales in the Americas, particularly in the luxury market, with insights from Deborah Akins of Bloomberg Intelligence. The US market shows a -2% decline, but this is against a high comparable base. The discussion covers expectations, pricing strategies, and market outlooks for the US and Asia, highlighting mid-single-digit growth in the US and a +40% growth in Asia, which exceeds expectations.

What is the main concern discussed regarding the US luxury market?

• Increasing consumer spending

• Weakening market conditions

• Improved sales in Asia

• Rising product prices

What was the reported percentage change for the Americas?

• 0%

• -2%

• +2%

• -5%

What is the expected growth rate for the US market by year-end?

• Mid single-digit growth

• No growth

• High double-digit growth

• Negative growth

How did the Asian market perform compared to expectations?

• Underperformed expectations

• Met expectations

• Exceeded expectations

• No change from expectations

What is the expected market performance in Asia by the end of the year?

• 20% growth

• 40% growth

• No growth

• 10% decline