Looking ahead to the 2025 fiscal year, Procter & Gamble expects net sales to grow by 2%-4% year-over-year, with organic sales growth projected at 3%-5%.

On August 8, the company’s stock price dropped by JPY 700 to JPY 3,810 per share, hitting the lower limit, with a latest market capitalization of JPY 1.523 trillion.

Tapestry Group’s fiscal year 2024 sales revenue grew by 1% on a constant currency basis, with Coach’s sales surpassing $5 billion for the first time, setting a new record.

The outflow of consumer spending abroad has led to weak sales performance among mall tenants, putting pressure on occupancy rates and rents. The Times Square properties, in particular, are facing greater challenges due to their smaller size and older decor.

“China has long been an important market in VF Corporation’s global strategic landscape.”

Luxury brand retailers in Guangzhou and Chengdu continue to show strong demand for retail space, while fashion, sports, cosmetics, lifestyle, and F&B brands in Shanghai and Beijing are expected to maintain steady demand for retail space.

Bjørn Gulden commented: “Given the improved business in Q2 we continue to raise our expectations and are now guiding for a full-year revenue increase in the high single digits and an operating profit of around € 1.0 billion.”

In the Chinese Mainland market, Q2 net sales declined by 3.9% at constant exchange rates, an improvement compared to the 21.1% decline in Q1.

Due to persistently low consumer confidence, revenue in Greater China was €266.3 million (accounting for 28% of the group’s total revenue), a 13.2% year-on-year decline, and an 11.7% decline on an organic basis.

Brooks Running has maintained the top market share in the U.S. adult performance running shoe market for 10 consecutive quarters and held the leading market share in the U.S. specialty footwear retail market in the first half of 2024.