Why Gucci And Saint Laurent Are Thriving In America While Retail Struggles

The U.S. retail industry is going through an upheaval. Right now, store closures across the country are on pace to set a record in terms of how much square footage will shut down this year. But circumstances aren’t dire for everyone. Kering, one of Europe’s leading luxury groups, is off to an astounding start in the U.S. in 2018. Across its tentpole fashion labels—Gucci, Saint Laurent, and Bottega Veneta, which together make up more than 80% of its sales from continuing operations—Kering saw sales in North America rise as much or more than in any other region in the first quarter. The U.S., of course, makes up the biggest share of the North American group. Read more at Quartz.