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

L'Oréal Q1 Sales Rise 13% With Strong Performance In US, Europe

L'Oréal reported a 13% rise in first quarter sales, beating expectations thanks to strong business in the United States and Europe as shoppers shrug...

LVMH Flags Strong Chinese Rebound, US Slowdown

LVMH, the world's largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts' expectations, as China rebounded sharply a...

Italy's illycaffè Reports Double-Digit Growth In Profit In FY 2022

Italy's illycaffè has reported an 18.9% year-on-year increase in net profit to €14.2 million in its financial year 2022.

Top Brands Pull Out Of Russia, But Their Goods Remain Easy to Find

Despite European, North American and Japanese companies exiting Russia over its actions in Ukraine, the impact on Russian consumers is minimal, although de...

Coty Raises Profit Forecast On Resilient Demand, Price Hikes

Coty Inc has raised full-year profit forecast, betting on price hikes and resilient demand for its fragrances and cosmetics even as inflation pinches consu...

Starbucks Corp Says Sales Drop In China Impacted Profits

Starbucks' quarterly sales decline in China was four times worse than the coffee chain expected and it has no "line of sight" into when business...

Estée Lauder Expects Bigger Drop In Profit On Higher Costs, Slow China Recovery

Estée Lauder Cos Inc has forecast a bigger drop in full-year profit as slow recovery in major market China and higher costs pose risks.

UK Sausage Maker Cranswick Enjoys Strong Festive Sales: Source

British meat producer Cranswick said trading was robust in December, as people thronged supermarkets for gourmet and ready-to-eat meat during the festive s...