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

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...

Spice Maker McCormick Lifts Profit Forecast As Higher Prices Cushion Weaker Demand

McCormick raised its annual profit forecast as it expects higher prices for its spices and condiments to make up for slowing demand and a sluggish rec...

Fonterra's Profit More Than Doubles On Demand For Dairy Ingredients

New Zealand's Fonterra Co-Operative Group has reported a more than doubled annual profit on strong margins from its cheese and protein portfolio, and...

Brewer AB InBev Signals New Focus On Michelob Ultra Amid Light Beer Rivalry

Anheuser-Busch InBev has elevated its low calorie lager Michelob Ultra to the status of 'global brand', according to an investor presentation, positioning...

Yili Sees Growth In Operating Revenue, Net Profit In First Half

Chinese dairy firm Yili has reported a 4.31% year-on-year increase in operating income to 66.197 billion yuan (€8.4 billion), while net profit grew by...