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Gucci sales slump continues as market awaits turnaround
The group is focusing on cost control, and this year plans to close around 50 of its 1,800 stores, a third of which are outlets, executives said. The group last week sacked Gucci designer Sabato de ...
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Malls Are Betting You Still Want That Gucci Bag—at a Discount
ELMONT, N.Y.—At Belmont Park Village, a new outdoor luxury outlet mall on Long Island, shoppers bundled up against the cold one recent evening to search for bargains on designer shoes and clothing.
Gucci, Prada close more China outlets as consumers cut luxury spending
Store closures are also hurting mall owners and undermining projections for an end to the multi-year property market slump.