Retail
Western brands use data and culture to target Chinese consumers
American and European companies are increasingly relying on data analytics and cultural adaptation to capture China's massive consumer market. This approach addresses the unique preferences of over 1.4 billion people in the world's second-largest economy. Recent reports highlight how brands like Nike and Starbucks are succeeding through localization.
Famous Brands and TFG struggle with offshore expansions
Recent financial results from Famous Brands and The Foschini Group (TFG) highlight the pitfalls of offshore expansion strategies amid a challenging South African economy. Both companies have seen significant share price declines, with management distractions contributing to underwhelming performance. Investors are questioning the focus on international growth over core domestic operations.
Costco Reports Strong Q4 Earnings Growth
Costco Wholesale Corporation announced robust fourth-quarter earnings for fiscal 2025, with net sales rising 7.3% to $79.1 billion, surpassing expectations amid resilient consumer spending. The retailer also reported a membership fee increase that boosted revenue, though it faced pressures from e-commerce competition. This performance underscores Costco's enduring appeal in a challenging retail environment.
Walmart's sales in Mexico grow 5% in third quarter
Walmart de México y Centroamérica reported a 5% growth in third-quarter 2025 revenues, reaching 239.795 billion pesos, driven by sales in Mexico. Despite moderate consumption, the company opened new stores and bolstered its pricing strategies. However, net profit declined 9.2%.
Stockholm ICA store accused of relabeling expired meat
AI에 의해 보고됨
An ICA store in Stockholm's Östermalm district has been exposed for systematically relabeling expired meat with new dates to sell it. The revelation comes from Aftonbladet's "200 sekunder" program and has sparked strong reactions among customers. The store's owner has initiated an internal investigation and apologizes for the routine failures.
Ralph Lauren Launches Ask Ralph AI
Ralph Lauren has introduced Ask Ralph, a conversational AI feature designed to enhance customer interactions in high fashion. The tool allows users to engage in natural language queries about products and styling. This development integrates AI into retail experiences.