Gucci is still out of fashion as sales slump again

Gucci sales continue to struggle.

SEBASTIEN DUPUY/AFP via Getty Images

• Gucci sales fell 25% in the first quarter to 1.6 billion euros.
• The decline contributed to a 14% decrease in owner Kering's revenues for the first three months.
• CEO François-Henri Pinault said Kering faced a "difficult start to the year" as anticipated.

Gucci sales plunged in the first three months of the year as the luxury downturn showed no signs of abating.

The worse-than-expected...