Sales at French luxury group Kering’s top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese…
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Skechers CFO Has ‘Tempered Expectations’ for China Recovery
Despite lagging in China due to Covid lockdowns, Skechers boosted global sales 12.4 percent to $1.87 billion on net income of $90.4 million.
Kering Net Profit Up 34% in H1 Despite China Lockdowns
French luxury group Kering said net profit rose 34 percent in the first half versus the same period last year, as strong sales with local customers in the rest of the world more than offset…
Adidas sees a slowdown in revenues in China as domestic sport brands rise
German sportswear brand Adidas on Tuesday cut its outlook for the financial year 2022 to grow “at a mid-to-high single-digit rate in 2022,” compared with previous growth estimate of 11-13 percent, …
Leaked TikTok memo told employees to ‘downplay the China association’
Leaked internal documents show TikTok is actively instructing employees to “downplay the China association” to deflect growing media scrutiny over the video-sharing app’s Beijing-based owner. The …
Impact of the Uyghur Forced Labor Prevention Act (UFLPA) on the Global Apparel Industry, Brands and Retailers – ResearchAndMarkets.com
Impact of the Uyghur Forced Labor Prevention Act (UFLPA) on the Global Apparel Industry, Brands and Retailers” report from Textiles Intelligence Ltd. has been added to ResearchAndMarkets.com’s …
Joe Biden to call China’s Xi Jinping as he weighs tariff repeal
President Biden intends to speak Thursday with Chinese President Xi Jinping as he weighs rolling back former President Donald Trump’s tariffs on Chinese goods, according to multiple reports. Biden …
Tariffs on China are no panacea
A debate has been unfolding in the White House recently on what to do about the tariffs the Trump administration left on hundreds of billions worth of imports from China. Does the Biden team get…
China, Vietnam, and Indonesia among fastest-growing countries for coming decade
China, Vietnam, Uganda, Indonesia, and India are projected to be among the fastest-growing economies to 2030. That is the conclusion of researchers at the Growth Lab at Harvard University who …
China to export $100bn in renewable energy technology in 2022, bright future ahead
China is continuing its rapid expansion into global new energy markets with exports of solar PV, wind turbines, and energy storage equipment, expected to be worth $100 billion this year, data from …
Top US military commanders are worried about what China is up to around the world’s most important waterways
US officials worry that China’s presence around maritime chokepoints could be used to gather valuable information or to intervene directly.
Is Web 3.0 China’s Next Big Thing?
The Internet has profoundly impacted people’s lives, work, and all aspects of society. We discuss what to expect with Web 3.0 in China.
Global luxury brands glued to China, accelerated by consumption upgrade and Hainan FTP
Global luxury giants are setting up large booths and mapping out new expansion of franchises during the second China International Consumer Products Expo (CICPE), in South China’s Hainan Province, …
