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- Apr 23, 202590% CONFIDENCEfrom the source
Gucci Sales Fall 25% as Kering's Slump Deepens
- Kering reported first-quarter 2025 group revenue of €3.9 billion, down 14% both as reported and on a comparable basis[1]
- Gucci's revenue fell to €1.571 billion, down 24% as reported and 25% on a comparable basis, with retail sales down 25% and wholesale down 33%[1][3]
- Kering blamed 'low store traffic' and closed 25 stores net in the quarter as part of a broader review of its retail footprint[1][3]
References 383% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%globenewswire.com/news-release/2025/04/23/3066665/0/en/Kering-Press-Release-First-quarter-2025-revenue.htmlglobenewswire.com· Posted Sep 25, 2026· Starts Apr 23, 2025 ✓· 52% of score
Kering's press release is headlined 'First-quarter 2025 revenue' and dated 23 April 2025, reporting Gucci revenue of €1.571 billion, 'down 24% reported / down 25% comparable'.
- [2]75%Kering - 2026 First-half results: back to growth, performance improvement & strategy execution on trackglobenewswire.com· Published Jul 28, 2026· 41% of score
Shows the later trajectory from this slump: Gucci's first-half 2026 revenue of €2,757 million was down a comparable 5%, an improvement from the 25% first-quarter 2025 decline.[1]
- [3]85%Gucci sales nosedive 25% as Kering losses deepenfashiondive.com· Published Apr 23, 2025· 7% of score
Confirms Kering revenue 'of 3.9 billion euros...a year-over-year drop of 14%' and Gucci revenue 'down 24% year over year to 1.6 billion euros', attributing the retail decline to low store traffic and a lack of 'standout products'.[1]
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