By Thomas Paulson, Head of Market Insights Following comments from RH two weeks ago that high-end buying patterns had softened, do we see more of that with LVMH reporting a surprisingly soft Q1 sales result? LVMH’s revenue in the US was down -3%, a -600 bps deterioration from Q4’s rate, which itself marked a period of broader strength in performance than the year’s prior periods, i.e. we went from “better” to “worse.