Watch: China’s EV Safety System Ejects Batteries 20 Feet Away in Case of Extreme Heat A demonstration video from China has been released that showcases a novel EV battery fire-safety system. The system is designed to eject batteries up to 20 feet away from the vehicle in case of extreme heat, thus preventing potential explosions […]
US Consumer Spending Increases Solidly in August
US Consumer Spending Continues to Strengthen in August As the backbone of the American economy, consumer spending has once again shown its resilience and vitality in the month of August. Accounting for more than two-thirds of economic activity, consumer spending saw a solid increase of 0.6 percent, indicating a positive trend in the financial behavior […]
US Retail Sales Beat Forecasts in Sign of Solid Summer Spending
US Retail Sales Beat Forecasts in Sign of Solid Summer Spending US retail sales have shown a remarkable resilience in August, marking a third consecutive month of growth. This upward trend has defied expectations and left economists pleasantly surprised, indicating a solid foundation for summer spending. The robust performance of retail sales is a positive […]
Executive Memo | Selling to Consumers in Uncertain Times
Navigating Sales Strategies: Adapting to the Cautious Consumer Climate In the current landscape of persistent inflation and wavering consumer confidence, brands are encountering a pivotal obstacle in their path to success. The question on the minds of executives across industries is clear: how can they effectively sell to a more prudent, value-centric shopper while upholding […]
China’s Extended 618 Shopping Festival Fails to Stir Excitement
China’s Extended 618 Shopping Festival Fails to Stir Excitement China’s annual 618 Shopping Festival is a much-anticipated event in the world of e-commerce, with major players like JD.com and Alibaba’s Tmall offering huge discounts and promotions to attract consumers. However, this year’s extended festival seems to have failed in generating the usual level of excitement […]
LVMH Said to Signal Continued Weakness on China Woes
LVMH Signals Continued Weakness in Q3 Due to Soft Demand in China The French luxury powerhouse, LVMH, is facing challenges in the third quarter as it grapples with subdued demand, especially in the crucial market of China. According to sources familiar with the matter who spoke to Bloomberg, the company is cautioning investors and analysts […]
Consumers ‘Under Attack’ Are Pulling Back, Wrangler Maker Says
Consumers ‘Under Attack’ Are Pulling Back, Wrangler Maker Says The retail industry is experiencing a seismic shift as consumers are feeling the squeeze on their wallets. Kontoor Brands, the maker of iconic denim brand Wrangler, recently sent shockwaves through the market with its somber outlook for 2025. The company’s shares plummeted by as much as […]
Shiseido Profits Plummet 73% on Weak China Demand
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 […]
US Retail Sales Broadly Advance, Capping a Solid Holiday Season
US Retail Sales Rise 0.4 Percent in December, Reflecting Strong Consumer Demand The latest data on US retail sales has painted a positive picture for the economy as sales saw a 0.4 percent increase in December. This uptick not only indicates robust consumer demand but also serves as a testament to the ongoing economic strength […]
Richemont’s Sales in China Fall 27%
The Swiss luxury group Richemont, known for its prestigious brands like Cartier and Vacheron Constantin, has reported a notable decline in its sales, particularly in the key market of China. The company’s six-month sales fell by one percent overall, with sales in China, Hong Kong, and Macau plummeting by an alarming 27 percent from the […]