Impact of Wealthy Shoppers' Spending Slowdown on Mulberry Sales
Wednesday, 1 May 2024, 12:12
Impact of Mulberry Sales Decline
Luxury British brand Mulberry, best known for high-end leather handbags, sees a 4% decline in annual sales.
Challenging Trading Conditions
The UK and China present continuing trading challenges for Mulberry amid a broader downturn in luxury spending.
Positive Trading in the US
Offsetting the decline, the US market shows promising growth driven by increased brand awareness.
CEO Statement
Thierry Andretta, the chief executive, acknowledges the impact of reduced spending by wealthy shoppers on Mulberry’s sales.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.