By  on April 25, 2008

PARIS — Gucci has hit a bump.

After experiencing soaring growth over the last few years, the brand saw sales slip in the first quarter ending March 31 as a result of tough conditions in the U.S. and Europe and the impact of currency exchange. Gucci's sales rose 2.4 percent at constant exchange rates but fell 3.3 percent in the quarter to 513 million euros, or $769.5 million at average exchange.

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