Luxury Market Faces Downturn, Sales to Decline

Big companies that sell expensive items like fancy clothes and bags are having trouble selling them.

People aren't buying as much, which is making investors worry.

The trade war between the U.S. and China has made things uncertain, and people are less confident to spend money.

The cost of these luxury items has gone up, and some shoppers are choosing not to buy.

Some brands are making cheaper items, like shoes, but it might change what people think of those brands.

Companies like LVMH and Kering are expected to show lower sales, while others like Hermes and Prada are doing okay.