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Coronavirus infects luxury spending at Louis Vuitton, Ralph Lauren


Added 02-15-20 01:04:02pm EST - “The coronavirus outbreak has caused companies to temporarily close or reduce their operations in China.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Coronavirus infects luxury spending at Louis Vuitton, Ralph Lauren”. Below is an excerpt from the article.

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Retail analyst Erin Sykes and CFRA chief investment strategist Sam Stovall discuss the impact coronavirus is having on retail and whether there is reason to be distrustful of the Chinese government’s reports on the outbreak.

Airlines and casinos aren't the only businesses suffering from the coronavirus health emergency.

Sales of Cartier jewelry and La Mer moisturizer that goes for $2,400 a jar are threatened, too, as their owners temporarily lose access to some of their biggest-spending customers.

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