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via finance.yahoo.comBusiness & Companies

Nike and LVMH Took China for Granted—and Both Stocks Are Paying the Price

FROM THE WIRE · FINANCE.YAHOO.COM

Fashion giants on both sides of the Atlantic are underestimating the Chinese shopper at their own peril. Continue Reading

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishNike and LVMH suffering from underestimating Chinese consumers, with negative stock impacts.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Fashion giants on both sides of the Atlantic are underestimating the Chinese shopper.
  2. 02Nike and LVMH are paying the price for their neglect of the Chinese market.
  3. 03Stock performance reflects challenges in slowing Chinese market.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NIKE, Inc.NKEStock34.36 USDMarket closedtoday -0.72%Negative LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneMC.PAStock384.60 EUR+0.07%today -0.99%Negative LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneLVMHFStock435.50 USDMarket closedtoday +0.01%Negative LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneLVMUYStock87.07 USDMarket closedtoday +0.80%Negative adidas AGADS.XETRAStock146.00 EUR+0.10%today -0.51%Negative On Holding AGONONStock33.22 USDMarket closedtoday +0.27%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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