Gilt and Gucci are back with another limited-time-only sale, but some of the horsebit styles are already as good as gone.

Creative director Alessandro Michele has made Gucci's clothes quirkier Surging demand for Gucci clothes and handbags boosted sales at parent company Kering in the first three months of the year.

Sales at Gucci are expected to fall by 20% in the first quarter due to a slowdown in Asia, according to its Paris-based owner Kering. The warning contrasts with rivals LVMH and Hermès whose sales ...