Winners and Losers of 2024
Both bulls and bears were out on Wall Street last year.
While the market overall was up — the S&P 500 gained 23.3 percent for the year, buoyed by a stable economy and lower interest rates — fashion had its mix of winners and losers.
There were some broad trends. Luxury shares, in particular, were hit hard by the high-end slowdown and weakness in China, delivering share losses to even the mighty LVMH Moët Hennessy Louis Vuitton, which fell 11.7 percent. Other high-end players in turnaround mode, like Kering, Burberry and Versace-owner Capri, were hit even harder.
“You could see a lot of those luxury manufacturers suffering in terms of stock price,” said…
