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

Nestlé Launches First Product With HMOs In China

Nestlé has announced the launch of a 'growing-up milk' solution containing HMOs (Human Milk Oligosaccharides) for early life nutrition, in mainland...

France Raises Non-EU Wheat Export Forecast, But Stocks Still Swell

FranceAgriMer has raised its forecast for French soft wheat exports outside the EU in 2023/24, but also lifted its season-end stocks estimate to a six-year...

China's 'Singles Day' Wraps Up With E-Commerce Giants Reporting Sales Growth

China's largest e-commerce player Alibaba Group said it recorded year-on-year growth over this year's 'Singles Day' sales period, while rival JD.com report...

Diageo Warns On Profit As LatAm, Caribbean Demand Falters

Johnnie Walker whisky maker Diageo said on it expected organic operating profit growth to decline in the first half of its current financial year due...

Starbucks Gets Sales Bump From Strong US Demand

Starbucks beat Wall Street targets for fourth-quarter results as strong demand for its pricey coffees and cold drinks in North America offset a feeble reco...

Alibaba Promises Major Discounts Ahead Of China's 'Singles Day' Event

E-commerce giant Alibaba Group said it will be offering huge discounts as it gears up for its annual Singles Day shopping extravaganza - an indication that...

Pernod Ricard Confident On FY Sales Growth Despite Soft Q1

French spirits maker Pernod Ricard said it expected to grow sales over the coming year, despite a difficult first quarter marred by big drops in sales in t...

LVMH Sales Growth Loses Fizz As Post-Pandemic Splurge Wanes

Luxury goods bellwether LVMH reported a 9% rise in third quarter revenue, marking slower growth as a strong wave of post-pandemic spending eases due t...