Tag: #market-shift23 results
The Chinese fuel vehicle market is experiencing a severe price war as manufacturers attempt to clear high inventories amidst a rapid shift toward electric vehicles. Despite significant discounts, sales continue to decline as consumers increasingly favor new energy vehicles.
Aokang International has completely closed all its Skechers retail outlets by the end of 2025, marking the end of a ten-year partnership. This move reflects Skechers' strategic shift toward a direct-to-consumer (DTC) model and the intensifying competition in the Chinese sports retail market.
Apple's first foldable phone remains on track for September launch despite manufacturing delay reports. Bloomberg’s Mark Gurman details its features and potential market shift. He joined Caroline Hyde and Ed Ludlow on Bloomberg Tech.