China’s personal luxury market showed signs of stabilization in 2025, reports Caixin, with a modest recovery in the final quarter as consumers shifted spending back to domestic channels. Sales for the year fell by 3% to 5%, a significant improvement from the 17% to 19% decline in 2024, according to a report released Thursday by Bain […]
Category: Consumer
Starbucks reported a strong fourth quarter in China, reports Caixin. This comes as the US coffee chain restructures its operations in the world’s second-largest economy. During the three-month period, Starbucks generated revenue of $823 million in the Chinese market where it runs 8,011 stores, up 11% year-on-year, according to its earnings report. The company’s China business […]
Pop Mart extended its rally in Hong Kong on Wednesday after unveiling an accelerated push into the US market, reports the South China Morning Post. The rise underscores how overseas expansion is helping the Chinese toymaker offset lingering pressures at home, says the Post. The maker of Labubu figurines plans to open more than 20 new […]
LVMH, the owner of Louis Vuitton and Tiffany, beat fourth-quarter sales forecasts on Tuesday, reports Reuters, boosting hopes of a luxury sector rebound. The French group reported signs of a return to growth in Asia, with domestic Chinese sales rising in the quarter, confirming a recovery it has flagged for several months. Chinese shoppers—including those abroad—account […]
Texas will bar its employees from using Shein, Alibaba and TP-Link hardware and software, reports Reuters. The announcement was made by the governor, saying his state made the decision to protect the “privacy of Texans” from the Chinese government. The list also includes online commerce platform Temu and battery maker CATL, according to the statement from […]