Luxury Industry Faces Deceleration as Tourism Slows -- Market Talk
Dow Jones
Jul 01
1112 GMT - Luxury companies should have a deceleration in the second quarter, analysts at Bank of America say in a note. The analysts forecast sector revenue down 2% in the quarter, slowing from the first three months of the year. "The key driver of the slowdown is tourism spend, in both Europe and Japan," they say. The current year is shaping up to be one of the weakest years for luxury demand, outside the pandemic, BofA says. Revenue growth and margin guidance could be revised lower again after second-quarter results, the analysts say. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
July 01, 2025 07:12 ET (11:12 GMT)
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