LVMH says Sephora sales are slowing down in the U.S. because Amazon is ‘very aggressive’ in lowering prices ‘and we try to avoid this technique’

• Lvmh Cfo Cecle CecleDuring the company comment, it was said that Amazon’s presence was to hit Sephora’s momentum in Sephora because of its “aggressive” strategy. REVENUE reported to LVMH for $ 23.1 billion for the first three months of the year, 3% compared to the same period last year.

LVMH reported the first quarter income of 2025 Monday, and Sephora A famous weak point for the presence of dear Conglomerate – even if the fashion brand is well in the whole world.

While US request for jewelry, leather, and fashion “remains well oriented and rapidly in the back of the descent of the descent of the city group,” Cecile Cabanis, “Chief Financial Officer, Call says.

Sephora, in general, has a good first first quarter with solid brick-and-mortar growth and product sales. But sephora experienced “a small momentum when it comes to e-commerce” in the United States specific “because Amazon is too aggressive about the price, and we try to avoid this technique.”

Lvmh did not return immediately wealthComment request for comment.

For relevant products, it appears that Amazon can match Sephora, if it is not beaten directly, in price. For Gloss in Kérastase Isporho Hairu product, for example, Sephora sells 1.52 oz bottle for $ 36;; On Amazon, That same product is $ 26-The discount at about 28%.

Goldman Sachs’ Louise Sintehurst asked Cabanis about the call about the recent “Time before known headlines,”

“It is true that surgical surgery is easier to catch the less positive economic cycles and uncertainty, and it may have an effect on the weeks,” Cabanis said.

The total income of LVMH has fallen 3% in the first quarter but the company says it is proud of how the company “continues to reflect strength” during chaos.

This story originally shown Fortune.com

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