Gucci Misses Q3 Sales Forecast

Gucci missed analysts’ expectations, with sales growing only by 3.8 percent in Q3. The slowdown in sales resulted from a loss in the pace of recovery from the coronavirus pandemic in various markets across the globe.

While the brand enjoyed strong sales in the U.S. and western European market, a spike in COVID-19 infections in July and August negatively impacted the company’s business in the Asia-Pacific…

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