{"id":10651,"date":"2023-10-14T04:01:19","date_gmt":"2023-10-14T04:01:19","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/lvmh-reports-slowed-growth-in-third-quarter-amidst-shifting-luxury-consumer-trends\/"},"modified":"2023-10-14T04:01:19","modified_gmt":"2023-10-14T04:01:19","slug":"lvmh-reports-slowed-growth-in-third-quarter-amidst-shifting-luxury-consumer-trends","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/lvmh-reports-slowed-growth-in-third-quarter-amidst-shifting-luxury-consumer-trends\/","title":{"rendered":"LVMH Reports Slowed Growth in Third Quarter Amidst Shifting Luxury Consumer Trends"},"content":{"rendered":"

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Luxury conglomerate LVMH, though still boasting impressive organic growth for the year, faced a notable slowdown in the third quarter, with organic growth dropping to 9% from previous 17% advancements. The influence of geopolitical uncertainty on luxury consumer behavior is evident, as Affluent Consumer Research Company\u2019s CEO, Chandler Mount, notes a decrease in consumer confidence and luxury spending. This shift in trends is reflected globally, with Japan being the exception, maintaining a robust 30% organic growth rate.<\/p>\n<\/div>\n

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Luxury conglomerate LVMH, though still boasting impressive organic growth for the year, faced a notable slowdown in the third quarter, with organic growth dropping to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-10651","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/10651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=10651"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/10651\/revisions"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=10651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=10651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=10651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}