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Gucci Group Nv (GUCG)

- OTC Markets
GUCG is defunct.
  • Wed, Mar. 4, 7:31 AM
    • Luxury sales in Macau were off 20% to 30% for the Chinese New Year holiday period, according to local reports.
    • The slide in luxury sales is tied to a crackdown by the Chinese government on corruption which cut into VIP traffic into the gaming mecca.
    • The read on Macau doesn't bode well for luxury sales in Hong Kong during Chinese New Year. Sales in Hong Kong were already a concern due to the political unrest in the region.
    • Related: Chinese New Year no cure for Macau gaming slide (Mar. 03 2015)
    • China luxury sellers: Gucci (OTC:GUCG), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF).
    | 1 Comment
  • Fri, Jan. 9, 11:04 AM
    • Another tough day for luxury retail stocks as more concerns on pricing trends build up.
    • Consulting firm Bain isn't helping sentiment, noting the luxury sector in China showed negative growth (-1%) for the first time in 2014. An ongoing crackdown by Beijing on corruption is in the background.
    • Michael Kors (KORS -1.7%), Ralph Lauren (RL -2%), Kate Spade (KATE -3.2%), Fossil (FOSL -1%), Vera Bradley (VRA -2%), and Coach (COH -2.2%) are all under-performing market averages.
    • Related stocks: OTCPK:LVMUY, OTC:GUCG, OTCPK:SWGAY, OTCPK:BURBY, EL, RDEN, OTCPK:HESAF, OTCPK:CFRUY, TIF.
    • Related ETFs: PEJ.
    | 1 Comment
  • Dec. 19, 2014, 1:29 PM
    • Analysts expect a mixed holiday season for the retail sector in Hong Kong.
    • While mass market retail is forecast to hold up with the level of demonstrations in the region moderating, there's some concerns on the luxury sector.
    • The corruption crackdown by Beijing and the weak Yen are two potential drags on tourist traffic.
    • Consumer confidence on the high end has also been weakening.
    • What to watch: The critical Chinese New Year begins in February giving the luxury sector scant time for the environment to improve.
    • Luxury sellers in HK: Gucci (OTC:GUCG), Prada, Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Swatch (OTCPK:SWGAY), Burberry (OTCPK:BURBY), and Tiffany (NYSE:TIF).
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  • Dec. 12, 2014, 6:37 AM
    • Gucci (OTC:GUCG) chief executive Patrizio di Marco and the comapny’s creative director Frida Giannini are departing the Italian luxury goods brand.
    • The announcement comes after Gucci sales fell to €851M between July and the end of September, a 1.9% drop compared with the same period a year ago.
    • Di Marco will be replaced by Marco Bizzarri, former head of Bottega Veneta.
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  • Aug. 29, 2014, 7:12 AM
    | 3 Comments
  • May. 5, 2014, 3:33 PM
    • The crowds at casinos (MPEL, MGM, WYNN, LVS, GXYEF, SJMHF) in Macau during Golden Week continue to impress, according to analysts.
    • The May Day period is a national holiday in China.
    • The positive read for May traffic at casinos follows up on a 10.6% gain in gaming revenue in the region for April.
    • Early channel checks for the luxury sector haven't been quite as rosy. Mainland shoppers' demand for luxury goods is seen as lighter than a year ago.
    • China luxury sellers: Gucci (GUCG), Prada, Louis Vuitton (LVMUY), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY), Burberry (BURBY), Tiffany (TIF).
    | 2 Comments
  • Jan. 16, 2014, 2:18 PM
    • A new survey on luxury spending by wealthy consumers in China indicates a soft demand trend may continue.
    • Spending on gifts fell 25% last year, while overall spending by the wealthy fell 15%.
    • A number of factors are in play with Chinese consumption taxes high and the government cracking down on corruption, but the underlying trend is that a surprising number of high net worth consumers are leaving China for new residences overseas.
    • The good news for the sector is that some of the lost sales could be recaptured in different markets.
    • Related stocks: Gucci (GUCG), Prada, Louis Vuitton (LVMUY), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY), Burberry (BURBY), Louis Vuitton (LVMHF), Tiffany (TIF), and Warnaco (WRC).
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  • Dec. 20, 2013, 9:06 AM
    • Luxury star Prada fell short of the consensus estimate of analysts with its Q3 profit. The report from the Italian firm could be a sector warning with Prada's results in China showing some signs of deceleration.
    • A stronger euro against the yen was also a bottom line drag for the company.
    • Execs with Prada said 'softening consumption patterns" in some key regions could continue to weigh on results.
    • On watch: Louis Vuitton (LVMUY), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Gucci Group (GUCG), Swatch (SWGAY), Burberry (BURBY), Estee Lauder (EL), Hermes (HESAF), Richemont (CFRUY).
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  • Oct. 29, 2013, 1:48 PM
    • Luxury goods sales will rise 6% this year in constant exchange rates to top last year's mark of 5%, estimates Bain.
    • A maturing market in China has been offset in part by strong luxury trends in Malaysia and Indonesia.
    • Global ultra high-end retailers: Prada, Louis Vuitton (LVMUY), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Gucci Group (GUCG), Swatch (SWGAY), Burberry (BURBY), Estee Lauder (EL), Hermes (HESAF), Richemont (CFRUY).
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  • Jul. 2, 2013, 7:05 AM
    Retail sales in Hong Kong grew 12.8% in May to trail the estimates of analysts calling for a 21% gain by a wide margin. The drop could clip expectations for luxury companies which have increased their investments and presence in the region. On watch: Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF).
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  • Jun. 5, 2013, 7:49 AM
    High-end sellers in Hong Kong (MAGOF.PK, COH, TIF, RL, BURBY.PK, KORS, GUCG.PK) saw an influx of traffic during the three-day May Day holiday which could help boost sales totals for the quarter. According to the Hong Kong Tourism Board, the number of mainlanders trekking over to Hong Kong jumped 50% Y/Y during the period. A stronger yuan might be motivating more Chinese consumers to hunt for lower prices in Hong Kong.
    | 3 Comments
  • May. 24, 2013, 10:46 AM
    Luxury retail companies seem to be seeing something more than economists do as they ramp up investments and marketing on expectations for increased high-end spending in the U.S. Even with all the focus on the growth potential for the luxury sector in China and Hong Kong, by sales the U.S. market is still twice as big and has plenty of upside, according to industry insiders. A wildcard in the mix is the impact from some relaxed rules on visa approvals for wealthier tourists from emerging markets. On watch: Hermes, LVMH Moet Hennessy (MAGOF.PK), Gucci (GUCG.PK), Louis Vuitton (LVMUY.PK), Coach (COH), Tiffany (TIF), Ralph Lauren (RL), Burberry (BURBY.PK), Saks (SKS), Hugo Boss, Christian Dior (CHDRF.PK).
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  • May. 20, 2013, 8:29 AM
    The flood of tourists into Hong Kong from Mainland China looks promising to global retailers setting up shop in the region, although the tilt towards more bargain shopping could be a trend to watch for high-end sellers. Outlet malls have seen the biggest gains in traffic and sales in Hong Kong which sets up nicely for retailers that planned a strategy which pivots on squeezing profits from the channel. Hong-Kong watching: Nike (NKE), Limited Brands (LTD), Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF).
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  • May. 2, 2013, 7:11 AM
    Retail sales in Hong Kong rose 9.8% in March to 40.2B HKD ($15.8B) to come in significantly slower than the 15% consensus forecast of analysts. By volume, sales rose 10.2% compared to the forecast for 14% and the 21.9% pace seen in February when the Lunar New Year holiday hit the calendar. Luxury sellers in particular are looking for strong sales numbers from Hong Kong. On watch: Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF).
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  • May. 1, 2013, 8:31 AM
    Luxury retailers plan to start using junkets to bring wealthy Chinese consumers to Hong Kong stores. The practice has done wonders for the casino industry in Macau and could help spur sales with luxury and import taxes in HK lower than on the mainland. High-end China sellers: Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF)
    | 1 Comment
  • Apr. 26, 2013, 9:10 AM
    Luxury retail watch: If expensive apparel doesn't play well with Chinese high-end buyers, don't expect to see it in U.S. stores with the Chinese accounting for over 25% of the world's luxury market. An increased tendency in the U.S. for millionaires to dress down - instead of showing off opulence - is also factoring into the dominance of China. What to watch: High-end sellers such as Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF) might become even more blatant with new designs on which market is the top priority.
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Company Description
Currently, there's no company description for GUCG.
Industry: Apparel Stores
Country: United States