China: latest retail news, insights and analysis | ESM Magazine

Hormel Foods Cuts Annual Forecasts On Weak China Demand, Adverse Pork Prices

Hormel Foods has cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with lower pork and t...

L’Oréal Closes Acquisition Of Luxury Beauty Brand Aesop

Cosmetics giant L’Oréal has announced that it has completed the acquisition of luxury beauty brand, Aesop.

Estée Lauder Forecasts Weaker Annual Net Sales And Profit

Estée Lauder has projected full-year net sales and profit below market expectations, signalling a slower-than-expected recovery in its tra...

Tyson Foods Plans To Sell China Poultry Business: Sources

U.S. meat and processed food maker Tyson Foods plans to sell its China poultry business, three people with knowledge of the matter said, in the latest case...

Starbucks Misses Quarterly Sales Estimates, Sees Lasting China Rebound

Starbucks missed market expectations for quarterly comparable sales, with demand for its coffees and cold drinks showing some signs of tapering in the Nort...

L’Oréal Upbeat On China Despite Market's Softer Rebound

Second-quarter sales at French cosmetics giant L’Oréal slightly beat expectations, as a rebound in China helped offset slower growth in the Un...

Hormel Foods Reaffirms 2023 Forecasts, Shares Rise

Hormel Foods reaffirmed its annual sales and profit forecasts even as its second-quarter revenue missed estimates, sending the company's shares up as much...