LVMH had a rough week. That's a bad sign for the luxury sector.
Louis Vuitton owner LVMH reported poor third-quarter earnings this week, with China revenue falling more than expected.
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- LVMH said sales dropped during the third quarter, with revenue down double digits in China.
- The company acts as a bellwether for the luxury industry, which is expected to continue to struggle.
- Despite the tough macroeconomic environment, there are bright spots in the market.
The luxury slump isn't going anywhere — and...
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