Shiseido Profits Plummet 73% on Weak China Demand Shiseido, the renowned Japanese owner of popular beauty brands like Nars and Drunk Elephant, has recently been hit hard by a significant drop in profits. The company reported a staggering 73% decrease in its earnings, attributing this sharp decline to weak consumer demand in China. This downturn […]
Canada Goose Trims Annual Profit Forecast on Dipping China Demand
Canada Goose Trims Annual Profit Forecast on Dipping China Demand Canada Goose, the renowned luxury outerwear brand, recently made headlines as it announced a reduction in its annual profit forecast due to weakening demand in China. This decision comes amidst a backdrop of weak consumer spending in the region, exacerbated by factors such as youth […]