Monday, January 26, 2026 at 10:30 AM
Falling resale values show that even the makers of the world’s most popular luxury goods are feeling a slowdown.
Even with a stock market that is outperforming the S&P 500, Chinese shoppers aren’t flocking to luxury brands as they once did.
Sector bellwether LVMH Moet Hennessy Louis Vuitton was down 4.2% and almost all other major European luxury makers dropped as well.
The Swiss watchmaker said sales fell on year despite growth in the back half of the year, adding that momentum has continued this month.
LVMH shares dropped as much as 8% early Wednesday, and have shed more than a quarter of their value over the past year.
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