WNA Globe

World News by Wild Rose

#consumer market ร—

Fierce competition and shifting tastes squeeze Chinaโ€™s yoga apparel market

Chinaโ€™s yoga apparel market is grappling with fierce competition and slowing growth amid sluggish domestic consumption, as middle-class shoppers diversify their activities, according to analysts. Lululemon, the Canadian athletic apparel brand popular among Chinaโ€™s middle class, continues to face sales pressure in the worldโ€™s second-largest consumer market. Lululemonโ€™s same-store sales growth at sampled Chinese shopping malls dropped 4 per cent year on year in May, compared with a 3 per cent...