US luxury market shows signs of struggle
Several US luxury goods brands appear to be experiencing a weaker retail market, according to figures released on July 5.
Overall, May retail sales in the US were down by 0.2% following a similar drop the previous month.
Luxury leathergoods brand Coach stock prices have fallen 3.7% so far this year and its monthly performance stands at -8.91%. Stock was up 29.63% compared with the 52-week low but 26.47% below the 52-week high.
Luggage, handbag and small leathergoods brand Vera Bradley has seen share prices fall 37.05%. Share prices rose 35% compared with the 52-week low but fell 55.78% below the 52-week high.
Steven Madden stock prices have fallen by 7.59% and its
monthly performance stands at -17.92%. Stock was up 14.68% compared with the
52-week low but 30.24% below the 52-week high.
