China industrial output beats forecasts, retail sales miss

Other indicators pointed to continued pressure on the economy, however.Retail sales slowed more than expected, while growth in October real estate investment eased to a 10-month low and home sales fell again as developers held back expansion plans in the face of softening demand.Facing the weakest growth since the global financial crisis, Chinese policymakers are fast-tracking road and rail projects, pushing banks to increase lending and cutting taxes to ease strains on businesses and prevent a sharper slowdown.

Industrial output rose 5.9 percent in October, the National Bureau of Statistics (NBS) said on Wednesday, surpassing analysts’ estimates. Factory output had been expected to grow 5.7 percent, down from 5.8 percent in September.China’s economy is facing increasing domestic …

75% Italian apparel buyers shop at non-specialist outlets

The report by New York-based Market Research Hub (MRH) indicates that Italian shoppers are concerned about physically trying out clothing and footwear before making a purchase decision.The economic situation in the country is edging towards growth and an increased pattern of spending on apparel and footwear is visible, a press release from the company said citing the report.

Delivery costs in online apparel shopping and size and fit issues are constraints, especially for womenคำพูดจาก สล็อตเว็บตรง. People over 55 are more inspired with displays of clothing in stores.More than half of the Italian consumers are inclined towards researching about a particular apparel brand be…

Fashion retailers resilient despite consumer fears

Signs of resilience came as a relief to investors concerned that economic uncertainty is driving shoppers in key markets like Europe, the U.S., and China to spend less on clothes.Shares in H&M gained 6% as analysts forecast a stronger third quarter after flat sales from March to May.H&M, which has lagged Zara owner Inditex, has sought to increase its fashion appeal and further develop its higher-priced brand Cos, targeting shoppers that are less vulnerable to a higher cost of living, as fast-fashion giant Shein takes market share with cheap clothes.

Bank of America analysts said H&M’s sold-out collaboration with luxury brand Mugler could also help boost half-year earnings expected on June 29.ASOS, which is trying to recover from a sharp increase in inventory and debt, is also high…

Fendi acquires knitwear supplier Maglificio Matisse

Located in Sant’Egidio alla Vibrata, in the province of Teramo, part of the Abruzzo region, Maglificio Matisse is a historic knitwear producer that today blends traditional craftsmanship with innovative technology, encompassing all levels of the knitwear process as a fully vertical production company.Maglificio Matisse first started working with brands like Fendi and Prada, in the early 2000s.คำพูดจาก สล็อตเว็บตรง

In a statement, Fendi acknowledged the acquisition as a further step in its commitment to ‘Made in Italy’ and its supply chain. It did not disclose how much the majority stake cost the company.​“Together with the openings of our Fendi factory in Tusc…

Latest trial in J&J talc litigations gets under way in California

The lawsuit brought by Terry Leavitt in Alameda Superior Court in Oakland is the first of over a dozen J&J talc cases scheduled for trial in 2019คำพูดจาก สล็อตเว็บตรง. The company is facing some 11,700 lawsuits over the safety of talc in its products.Leavitt’s lawyer, Joseph Satterley, accused J&J in his opening statement of knowingly selling a dangerous product, according to an online broadcast by Courtroom View Network. “The evidence will show that J&J knew about the asbestos risk and they continued to sell the product, giving consumers no opportunity to protect themselves,” he said.

A lawyer for co-defendant Imerys Talc America, a unit of French Imerys SA,…

Switzerland’s watch exports recover in June

In June, Swiss watch exports approached the 2 billion Swiss Francs ($2.1 billion) mark, driven in particular by luxury watch sales. The figure equates to an increase of 12.5% compared to export levels in June 2019, the Swiss watch making federation announced in a press release.  Watch exports had increased by 71% in June 2021 compared to June 2020, according to the federation. For the last three months, the organisation has published the most part of its statistics comparing rates with those in 2019. According to the federation, such a comparison is more relevant (as opposed to comparing figures with last year) in order to understand the evolution of the sector given the magnitude of the shock last year.

Swiss watch exports reported a significant drop during the first wave of th…

SMCP reveals initiatives for fight against Covid-19

The owner of Sandro, Maje, Claudie Pierlot and De Fursac said the group and its brands “have been mobilising for several weeks to support health players and vulnerable populations in the fight against the Covid-19 pandemic”. In the next few weeks, the group will donate 50,000 surgical masks to home care companies operating in France.This will complement the manufacture of 10,000 masks made by Sandro out of fabric stocks from previous collections, and Maje’s donation of more than 10,000 FFP1 masks to the Agence Régionale de Santé d’Ile-de-France, which will coordinate their distribution, notably to nursing homes, schools and the police.คำพูดจาก สล็อตเว็บตรง

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UK needs to meet Facebook, Google competition with new rules – report

A new competition unit with expertise in the sector should be set up, the independent review said, and innovation should be encouraged by giving people control over their own data so they could switch between rival services and platforms easily.Smaller companies should also have access to the data that social media platforms hold on their users, it recommended.คำพูดจาก สล็อตpg

Big tech has been criticised by politicians in the United States and in Europe in recent years over issues ranging from Facebook losing track of users’ data to how Google ranks the results of searches.France, Italy, Britain and Spain have also proposed new digital taxes to narrow loopholes that allow large multina…

UK retail profit warning numbers double

A new EY report said that FTSE-listed retailers have issued double the number of profit warnings in the past year compared to 2017 as subdued consumer spending, migration online and Brexit issues have pushed up costs, driven sales down and made a number of physical stores unprofitable.EY said that there were 10 profit warnings in H1 last year and 20 this time with Debenhams, Moss Bros, Carpetright and Card Factory having all issued warnings. That’s in addition to a number of non-listed companies that have gone under, launched CVAs or otherwise indicated that trading isn’t as strong as they’d like it to be.

And even healthy companies have seen sales growth that’s slower this year with Ted Baker reporting slower sales last month, Superdry this month saying store sales were h…

Victoria’s Secret reaches $12m settlement in California employee class action

The lawsuit was originally brought in the U.S. District Court for the Central District of California in August of 2014. The trial court dismissed the call in claims in December of 2014.The workers appealed to the Ninth Circuit where the attorneys made oral arguments before the higher courtคำพูดจาก Nhà Cái Casino Online. At the end of last week, Victoria’s Secret presented a motion to the appeals court offering to pay the 40,000 workers in the State of California $12 million to settle their claims before the court ruled on the appeal.คำพูดจาก Game Casino

The lawsuit was brought out of the Victoria…