Home New Look 2015 LVMH sees 70% footfall drop in Middle East, digital stable

LVMH sees 70% footfall drop in Middle East, digital stable

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LVMH saw footfall drop up to 70 per cent in the Middle East amid US-Israel-Iran conflict, while digital traffic remained more resilient with smaller declines and some growth.
This gap reflects shifting consumer behaviour, with e-commerce cushioning losses.
However, weak sentiment, inflation fears and ongoing tensions may delay recovery and push brands to rethink strategies.LVMH saw footfall drop up to 70 per cent in the Middle East amid US-Israel-Iran conflict, while digital traffic remained more resilient with smaller declines and some growth.
This gap reflects shifting consumer behaviour, with e-commerce cushioning losses.
However, weak sentiment, inflation fears and ongoing tensions may delay recovery and push brands to rethink strategies.