Daily Brief

May 22, 2019

TODAY’S TOP FIVE CAN’T-MISS STORIES

  • 1

    For Fashion Industry, China's Child Obesity Problem Could be Big Business

    Nearly 20 percent of Chinese children ages 7 to 18 are overweight or obese, up from 2.6 percent in 1985. Factors driving that trend include rising family incomes, changing eating habits and cultural notions of what's healthy. As a result, the market for larger kids' clothing is expected to be worth $9.1 billion by 2020. Read more on CBS News

  • 2

    Quantifying Just How Much the Trade War Could Hurt Apple

    For every five percent drop in Greater China sales, Apple’s earnings per share should fall about 15 cents, according to analyst Matthew Cabral. “While Apple’s products largely fall outside the scope of current US tariffs on Chinese goods, we’re more concerned with potential ‘second derivative’ impacts on local demand and implications of a further escalation from here,” Cabral wrote in a note to clients. “We are not adjusting our estimates at this time, but see downside risk from a prolonged escalation in trade tensions.” Read more on CNBC

  • 3

    170 Shoe Retailers Urge Trump to Not Move Forward with Footwear Tariffs against China

    More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, and Ugg, have published a letter urging president Donald Trump to reconsider raising tariffs on footwear imported from China. “As an industry that faces a $3 billion duty bill every year, we can assure you that any increase in the cost of importing shoes has a direct impact on the American footwear consumer”, read the letter. “It is an unavoidable fact that, as prices go up at the border due to transportation costs, labor rate increases or additional duties, the consumer pays more for the product.” Read more on FashionUnited

  • 4

    How Quintessentially British Brand Fortnum & Mason Plans to Crack China

    Fortnum & Mason is gearing up for the launch of its first fully owned and operated shop overseas as it gets ready to land in Hong Kong. However, the luxury grocer is treading international waters with care as it looks to both preserve its heritage status and learn from the mistakes made by others in entering the market. Read more on The Drum

  • 5

    Rihanna on New Fenty Fashion Line and Her Changing Body Size

    The singer recently opened up on her new fashion line for LVMH, which launches in Paris on May 24. She also addressed how her body has changed over the years and revealed her new line will go up to roughly a US size 14. Read more on South China Morning Post