Luxury’s First-Quarter Earnings Cheat Sheet
Has Europe captured the lost demand? Not enough to transform the region into a growth driver, analysts say. HSBC has revised its organic growth forecasts for the full year downward for Europe, from 4% to 2.5%.Galeries Lafayette Haussmann, whose sales surpassed €2 billion last year, offers a useful benchmark. Its sales were flat in Q1, after 4% growth...











