AGP Executive Report
Last update: 8 hours agoChina Retail Reset: Nike is closing smaller, general-purpose stores and shifting toward sport-specific formats in China after sales there fell 26%. Tapestry, owner of Coach and Kate Spade, is courting younger Chinese shoppers with new designs, expanded retail and local innovation. Peak-Season Shopping: Singles’ Day lifted spending across Asia-Pacific retail by 16% in 2025, with department-store spending up 70%; UK clothing and general retail also saw gains, offering merchants clues for this year’s holiday season. Household Budgets: Global food prices eased 1.2% in October, while McDonald’s is rethinking deals as customers become more price-conscious. Connected Homes: A new forecast projects the smart-home market will nearly double, from $164 billion in 2026 to $311 billion by 2031, as shoppers adopt connected devices for security, convenience and energy savings.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
