Luxury brands continue to feel the pinch of an unstable economic climate, with the fashion company announcing that revenue had declined in its European and North American markets. For the three months ending on 31st December, total revenue was down from $1.4bn to $1.35bn, although revenue in Asia had massively increased by 89.1%. At stores that have been open for more than a year, sales fell by 6.9% demonstrating the impact in the financial market of factors such as Brexit and the election of Donald Trump.  The company have adjusted their financial outlook for 2017 as a result, estimating that profits per share will be down from $4.37-$4.43 to $4.15-$4.19.