AGP Executive Report
Last update: 11 hours agoChina Retail: Nike is closing smaller general-purpose stores and shifting to sport-specific outlets after China revenue fell 26% in its latest quarter. Tapestry, meanwhile, is courting younger shoppers with local innovation and brand experiences. New Products: Brown-Forman is bringing its spicy tamarind tequila drink New Mix Pikosito to select US markets, while Cape Cod Select and Foodberry have launched frozen smoothie bites at Meijer, with more grocery distribution planned. Consumer Trends: Boozy perfumes are gaining popularity even as younger generations drink less, turning fragrance into a longer-lasting way to evoke cocktail culture. Spending Pressures: UK card spending grew 2.3% in October, below inflation, and 54% of adults say they are cutting discretionary spending. In the Philippines, a sharp gasoline price rollback brought relief to motorists, with local officials monitoring stations for compliance. Packaging: New modelling suggests wheat-straw and sugarcane-bagasse pulp could compete on cost with wood pulp for consumer packaging.
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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