Latest in Industry Slowdown
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Coty Joins Competitors in Warning of Beauty Sales Slowdown
The cosmetics company, whose portfolio of brands includes Max Factor and Lancaster, on Monday said retailers are tightening their inventories as mass beauty sales continue to see slow growth ...Business - The Wall Street Journal - October 14 -
Chinese economic slowdown deepens, official figures show
Gross domestic product rose by 4.6% on a yearly basis, below Beijing's "around 5%" annual target.Top stories - BBC News - October 18 -
Hermes Sales Rise 11% Despite Luxury Slowdown
Hermes reported a rise in sales for the third quarter but looking ahead, it cautioned about global economic, geopolitical and monetary uncertainties.Business - The Wall Street Journal - October 24 -
Prada's Miu Miu Continues to Defy Luxury Slowdown
Prada posted an increase in revenue, buoyed by the popularity of its Miu Miu brand, and continues to buck a downturn in demand for high-end goods that is particularly acute in China.Business - The Wall Street Journal - October 30 -
How Hermès is bucking the global luxury slowdown
Paris-based luxury house Hermès has reported strong financial results despite a global slowdown that has affected competitors LVMH and Gucci owner Kering.Business - CNBC - October 31 -
China consumer slowdown weighs on U.S. earnings again
From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines.Business - CNBC - 3 days ago -
Oil price slides amid China slowdown and easing Middle East fears
Brent crude slides by almost $3.50 a barrel to below $74 after Opec cuts forecasts for demand growth. Business live – latest updates Global oil prices have tumbled by almost $3.50 a barrel ...World - The Guardian - October 15 -
Luxury goods shares fall as China slowdown hits LVMH
Owner of Louis Vuitton and Dior brands reports 16% drop in third-quarter sales in Asia excluding JapanBusiness - Financial Times - October 16 -
Brunello Cucinelli Backs Growth Targets as Sales Defy Luxury Slowdown
The fashion concern said its performance improved in both its retail and wholesale channels, with increased revenue across all its markets, in particular in the Americas.Business - The Wall Street Journal - October 17 -
FirstFT: Harris calls on America to ‘turn the page’ on Trump
Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after resultsWorld - Financial Times - October 30 -
Prada continues to defy luxury slowdown as Miu Miu sales boom
Italian group bucks gloom but warns that conditions in Asia are becoming ‘more challenging’Business - Financial Times - October 30 -
Carbon removal industry calls on U.S. government for regulation in new industry report
The nascent industry for removing carbon dioxide directly from the air is calling on the U.S. government to adopt standards and regulations to boost confidence in the businessTech - ABC News - October 23 -
Is China cannibalising the EU car industry?
Troubles at VW point to growing doubts about future of Europe-wide sector as imports of cheap EVs rise. For decades Germany has enjoyed a reputation as Europe’s car capital, with slogans such as ...World - The Guardian - October 20 -
The water industry is in crisis. Can it be fixed?
Simon Jack asks what reform of the troubled sector could mean for customers and their bills.Top stories - BBC News - October 25 -
Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown
Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low. Shares in luxury goods brands slumped after Louis Vuitton ’s LVMH reported an ...World - The Guardian - October 16 -
10-, 30-year Treasury yields drop again after GDP data opens door to Q4 slowdown
Yields on long-dated Treasurys closed lower on Wednesday after a weaker-than-expected reading on third-quarter U.S. economic growth gave way to the possibility of another slowdown in the final ...Business - MarketWatch - October 30 -
Olive oil heartlands battle over the industry’s future
Mega farms are encroaching on a market long dominated by smallholders, as prices remain near record highsWorld - Financial Times - October 14 -
'Sorry' water boss has plan to end sewage spillages
Water UK chief apologises for the industry's performance as the sector faces a "root and branch" review.Top stories - BBC News - October 23 -
How gen AI is revolutionizing the fitness industry
CONTRIBUTOR CONTENT: Since the introduction of generative AI, many industries have undergone significant transformations. Recently, the new amp fitness machine was launched, showcasing how gen ...Tech - VentureBeat - October 23 -
China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - Financial Times - October 27 -
The Music Industry Is Hoping Halloween Can Be the New Christmas
Eyeing the big business of holiday music, a few of pop’s major players are trying to expand the market for Halloween hits.Top stories - The New York Times - October 28 -
Sean Combs Is a Chance to Remake the Music Industry
Music hasn’t had its #MeToo moment. But a transformation in how the industry works means toxic gatekeepers no longer wield the power they once did.Top stories - The New York Times - October 31 -
How a San Francisco Vineyard Is Changing the Wine Industry
With eight rows of vines in San Francisco and a vision of inclusivity, Christopher Renfro and Project Two Eighty are training the next generation of winemakers.Top stories - The New York Times - November 1 -
No, tariffs did not make American industry great
New research suggests that America’s manufacturing rise came despite high tariffs, not because of them.Business - MarketWatch - 3 days ago -
The Crypto Industry’s Spending on the Election Pays Off
The spending spree fueled a string of victories on Tuesday for congressional candidates who had expressed support for cryptocurrencies.Business - The New York Times - 7 hours ago -
Is the Watch Industry Downplaying Its Sustainability Effort?
Some observers say that, as the deadline for European Union reporting nears, brands have lowered the volume on their environmental communications.Lifestyle - The New York Times - Yesterday -
The Watch Industry’s Role in Your Speeding Ticket
It was the development of the chronograph, essentially a stopwatch, that laid the groundwork for automobile speed limits.Lifestyle - The New York Times - Yesterday -
Trump’s Win Shows Limits of Biden’s Industrial Policy
Long-term economic investments in domestic manufacturing were overshadowed by real-time anxiety over rent and grocery prices.Business - The New York Times - 3 hours ago -
The Guardian view on Europe’s struggling EV industry: driving in the slow lane | Editorial
Insufficient investment and the withdrawal of subsidies and incentives are damaging a sector that is vital to the green transition. Earlier this year, a French experiment offered a startling ...World - The Guardian - October 13 -
Limp Bizkit’s fraud lawsuit rattles music industry: ‘These accusations are massive’
Band alleges that Universal Music Group owes it more than $200m after concealing royalties. One of the world’s largest music companies has been accused of depriving “potentially hundreds” of ...World - The Guardian - October 13 -
U.K. Gambling Stocks Fall on Reports of New Industry Taxes
Shares in Evoke, Entain, Flutter Entertainment and Rank Group tumbled on the back of the reports, which suggest that the U.K. government is aiming to raise up to $3.9 billion from the sector.Business - The Wall Street Journal - October 14 -
BMW chief says EU combustion engine ban will shrink car industry
Oliver Zipse tells Paris motor show 2035 cutoff point for CO2-emitting cars is ‘no longer realistic’. Business live – latest updates The EU’s plans to ban the manufacture of traditional ...World - The Guardian - October 15 -
Chip industry faces talent shortage as revenues head to $1 trillion | Deloitte
Deloitte says the chip industry will hit $1T in 2030, but a huge talent shortage looms across the entire world.Tech - VentureBeat - October 15 -
Innovators to watch: Brands aiming to disrupt their industries with new approaches
CONTRIBUTOR CONTENT: Change is inevitable; instead of resisting it, some companies are embracing it by stepping up with fresh ideas that make a real difference in our everyday lives. These ...Tech - VentureBeat - October 14 -
Hong Kong cuts liquor tax in an effort to reignite its nightlife industry
Hong Kong’s leader has announced a cut in liquor taxes as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining sceneWorld - ABC News - October 16 -
The cannabis industry is awaiting a legal green light, but can businesses survive?
Legal gray area surrounding the drug makes it difficult to prepare next steps, with rescheduling a perpetual threat. The Benzinga Cannabis Capital Conference, which took place in downtown Chicago ...World - The Guardian - October 16 -
Ulta Beauty shares tick higher, even as company sees 'headwinds' in beauty industry
Retailer Ulta Beauty did not provide guidance for next fiscal year and said it expects near-term challenges to continue.Business - CNBC - October 16