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Top StoriesPremium Bicycles Win New Fans Among China’s City Folk
Premium Bicycles Win New Fans Among China’s City Folk
Date: September 13, 2022
BEIJING (Reuters) – Zhou Changchang likes to spend his spare time cruising along the streets of China’s capital with his cycling club friends, on his Tiffany Blue bicycle made by the British company Brompton. The 42-year-old teacher is part of a growing army of cycling enthusiasts in China, who are splashing out on premium bicycles...
Tod’s Sales Rise 17% in First Half of Year
Date: September 8, 2022
MILANO (Reuters) – Sales at Italian fashion group Tod’s rose by 17% in the first half of the year, broadly in line with market expectations, despite a COVID-driven slump in China in the second quarter. Revenues totalled 467.5 million euros ($464.70 million) in the six months to June, pushed by Europe and Americas, while they...
Ferragamo Sales Beat Forecasts in H1 Despite Slowdown in China
Date: September 7, 2022
MILAN (Reuters) -Revenues at Italian luxury group Salvatore Ferragamo topped market forecasts in the first half of the year despite a slight slowdown in the second quarter due to COVID-19 restrictions in China. Underpinned by sound growth in Europe and United States, sales rose by 17% at constant exchange rates to 630 million euros ($624...
Amazon Introduces Seller Storage Service to Tackle Supply Chain Woes
Date: September 1, 2022
(Reuters) – Amazon.com Inc introduced a new service on Wednesday to help its sellers store bulk inventory and ease distribution to tackle supply chain issues, the company said in a blog post. In 2023, sellers will be able to use the new service called Amazon Warehousing & Distribution (AWD) to send their inventory to any...
Inflation Crisis Forces New Frugality on French Consumers
Date: August 30, 2022
By Leigh Thomas and Caroline Pailliez PARIS (Reuters) -Cost-conscious French consumers are ditching fish, buying cheaper meat and snubbing organic food to save money on their shopping, the head of Europe’s largest food retailer and shoppers said on Tuesday. Carrefour Chief Executive Alexandre Bompard said economists’ debates about when inflation would peak were futile, and...
Swiss Watchmakers Remain Upbeat Ahead of Geneva Gathering
Date: August 29, 2022
By Silke Koltrowitz ZURICH (Reuters) – Swiss watchmakers are not seeing signs so far that geopolitical tensions and recession fears are hitting demand for luxury timepieces, executives told Reuters ahead of the Geneva Watch Days event that opens on Monday. Sales of Swiss watches have rebounded strongly from the 2020 pandemic slump, with the value...