One part of China’s consumer market is holding up against a broad slowdown
Publishing timestamp: 2023-08-29 20:27:32
Summary
The article discusses the success of Costco stores in China, with double the foot traffic compared to the US. It also mentions other foreign brands expanding in China and the challenges of targeting the middle class. The article highlights the uncertainty and decline in China's economy, but also mentions pockets of growth. It concludes by emphasizing the need for companies to think about long-term success in China rather than short-term growth.
Sentiment: MIXED
Keywords: tapestry inc, costco wholesale corp, business news, markets, market insider, stock markets, breaking news: markets,