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Chinese Sportswear Makers Decline Amid Weak E-Commerce Sales, Stimulus Uncertainty

Por: MarketWatch Business June 19, 2023

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Sector stocks were up last week amid media reports that Beijing was close to unveiling new stimulus measures to prop up the world's second-largest economy. In a note over the weekend, Jefferies analysts said based on their checks, e-commerce growth for sportswear and home appliances brands overall came in at 10%-15% on year during China's June 18th shopping festival, missing expectations and possibly leading to consumer cancellation... + full article



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