Business & Economy
Alo is defying China’s consumer slowdown, selling $1.5 million in one minute and planning 8 more stores
Alo just broke a Tmall record in China as Lululemon stumbles.
AI Summary
Alo generated $1.5 million in sales in a single minute, prompting the brand to announce plans for eight additional stores in China. This surge comes amid a broader consumer slowdown, with August retail sales rising only 0.4 % year‑over‑year—half of Reuters‑polled economists’ expectations. Weak consumption and a lingering property slump have already pushed second‑quarter GDP growth to 4.3 %, the slowest rate in more than three years.
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