LVMH says Sephora sales don’t slow down in the United States because Amazon is’ very aggressive ‘and we are trying to prevent this technique’

• LVMH CFO CEFE CEMICE CABANIS, During the call of Earning the company Q1 2025 Amazon’s presence Sephora’s acceleration said online Because “aggressive” price strategy. LVMH is $ 23.1 billion for the first three months of the year, 3% less than the same period last year.

Lvmh, 2025 Monday, reported first quarterly gains and Sephora Although the fashion fashion brand is working well in the world, the luxury conglomerater was a weak point for the US presence.

While US jewelry, skin and fashion require He said in the call.

Sephora, in general, there was a fairly good first quarter with solid brick and ironic growth and product sales. However, Sephora lives “a little less than a little less frequent momentum” when “Amazon came to be very aggressive and aggressive” and mainly tried to prevent this technique. “

Lvmh did not return immediately FortuneRequired for comments.

For relevant products, Amazon seems to be able to adapt to Sephora if it is not beaten in the price of the minute. For example, for Kérastase’s shine, for absolu hair product, Sephora sells 1.52 ounce glass for $ 36Open Amazon, The same product is $ 26– About 28% discount.

Goldman Sachs ‘Louise Sings’ Louise Singhurst, be sure of the call about the last “Unprecedented titles”, LVMH’s financial boss has acknowledged as “some effects” as required by the market uncertainty.

“True, Operational Clientele is a more sensitive way in less positive economic periods and uncertainties, and it can affect a little in recent weeks,” Cabanis said.

The total revenues of LVMH decreased by 3% in the first quarter, but the company’s “during the turbulent period” is proud to be proud to “continue to demonstrate sustainability.”

This story was first displayed Fortune.com

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