GEAR SHIFT
Category: Consumer
Third-quarter sales of Gucci handbags managed to resist the drag from an economic slowdown in China, though analysts suspect that the outlook for luxury brands remains precarious, Reuters reports. Kering, the parent company of Gucci, said that the June-September period was the best quarter so far this year for the group’s headline brands in terms of sales […]
Chinese e-commerce firm JD.com has launched its first online shopping portal in Thailand as the company looks to expand its footprint in Southeast Asia, Caixin reports. JD.com and rival Alibaba Group have rapidly expanded into Southeast Asia in recent years as growth begins to slow in China’s $519 billion business-to-consumer online shopping market. JD.com already has operations […]
An index tracking the sentiment and performance of small- and medium-sized enterprises in China dropped in October, with firm heads saying the impact of a cooling economy was beginning to trickle down. London-based bank Standard Chartered found that strains on sales and production were now exacerbating previous concerns of slowing demand and trade war threats, […]
The bad news just kept on coming for Those in Command this week. The Shanghai stock market and the RMB rate – the most immediate and transparent of the measures we have available to us for gauging the state of China’s economy – both fell. There was a lot of talk of “changes in the […]