Industry news

China's foreign trade ‘three quantities’ rise, on all walks of life, especially the household goods industry has brought a positive impact.

Record of F.E.R.'s Participation in the Annual Conference on the Development of China's Light Industry and Foreign Trade

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.