AGP Executive Report
Last update: 10 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.
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