Industry news

The Chinese New Year holiday is coming. Our company's holiday will be from January 25th to February 5th, 2025, and we will resume work on February 6th. During this New Year holiday, we wish all our customers, families and colleagues a happy New Year and everything goes well.

With a total turnover of around €100 billion in 2023, the Italian supermarket retail market is one of the important retail markets in Europe. Large supermarket chains (e.g. Conad, Coop, Esselunga, etc.) dominate the market.

The retail sector in Europe is experiencing a slow and uneven recovery. In some countries, retail markets have grown slightly, while others are still struggling.

Costco recently reported first-quarter earnings for fiscal year 2025, and its results beat market expectations, showing that the commodities retailer has maintained strong growth despite tightening consumer spending. Its unique business model and affluent membership base have helped the company maintain a competitive advantage in the market.

The day is approaching when the EU Zero Deforestation Act will officially come into force. This legislation imposes new compliance requirements on companies exporting timber and wood products to the EU on a global scale, and in particular has far-reaching implications for China's timber and home furnishings industry.

From January 1, 2025, all goods exported to Saudi Arabia must submit an application through the SABER system and obtain a batch certificate (SC) before the arrival of the goods at the port, and the SC certificate applied after arrival will be deemed invalid, resulting in invalid customs clearance. This new regulation was developed by the Saudi Arabian Standards Organization (SASO) to ensure that imported goods meet the quality and safety standards required by the Kingdom.

According to a report from consulting firm Adobe Analytics, U.S. consumers spent $13.3 billion online this past Cyber Monday (Dec. 2), up 7.3 percent from last year's $12.4 billion. This year's figure exceeds Adobe's previous forecast of $13.2 billion. From Nov. 1 to Dec. 2, online spending by U.S. consumers rose 9 percent year-over-year to $131.5 billion.

Target's latest earnings report was disappointing, causing shares to fall as consumers seem to be losing interest in the retailer.

November 13-20, FOSHAN EVER RISING,as a leading supplier of iron household products enterprises, and Foshan City Chamber of Commerce of Importers and Exporters led by a number of Foshan's outstanding enterprises to form the economic and trade docking exchange mission, with the Foshan City, the government leaders visited the United Arab Emirates, Saudi Arabia, to deepen the city and the Middle East between the country's cooperation and exchanges to help enterprises to develop the docking of the Middle East market.

Dutch non-food discount retailer Action saw sales rise 20.9% to €9.6 billion in the first three quarters of the year, with growth driven by new store openings and new customers.